
MGM Resorts (MGM) Stock Forecast & Price Target
MGM Resorts (MGM) Analyst Ratings
Bulls say
MGM Resorts International is expected to continue its strong business diversification, with 58% of EBITDAR coming from Las Vegas, 25% from regional assets, 11% from Macau, and 6% from digital operations. The company's solid balance sheet, support from shareholders, and focus on becoming a global entertainment leader also serve as key positives. Despite a slight miss on Q1 earnings and some one-time items impacting regional performance, MGM's Vegas properties showed stabilization and its Macau operations were strong. The company remains optimistic for the rest of the year, with strong group and convention business and a completed renovation at MGM Grand. MGM's position in the regional market was brought down by one-time factors, but management expects solid regional trends to continue. In Macau, the impact of the new brand fee was felt in Q1, but MGM plans to leverage its global assets to capitalize on the upcoming World Cup. However, concerns about a continuing leisure consumer malaise may impact the stock, and there may be a better entry point in the future. Macquarie Alpha's analysis shows that MGM outperformed its sector and market relative factor and styles exposures in Q1.
Bears say
MGM Resorts International is facing several challenges that are contributing to a negative outlook. The company is struggling to maintain its online market share, facing a potential threat from prediction markets, and experiencing continued softness in the Vegas market. The company also faces intense competition and a promotional environment, with its recent launch of all-inclusive offerings as a possible indication of financial struggles. Additionally, while the company has a strong quality factor, its profitability factor is weak and may be hindering efficient conversion of investments to earnings. MGM's 2025 EBITDAR was mostly contributed by its Vegas properties, which is concerning given the current state of the market and the company's reliance on this market.
This aggregate rating is based on analysts' research of MGM Resorts and is not a guaranteed prediction by Public.com or investment advice.
MGM Resorts (MGM) Analyst Forecast & Price Prediction
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