
MGM Resorts (MGM) Stock Forecast & Price Target
MGM Resorts (MGM) Analyst Ratings
Bulls say
MGM Resorts International is supported by a uniquely dominant Las Vegas franchise, with 37,000 rooms and suites and a Strip portfolio that contributed about 56% of total EBITDAR in 2025, while regional assets and MGM China added diversified earnings streams. Its outlook is further strengthened by BetMGM’s disciplined capital allocation, rising iGaming profitability, and improving monetization, as 3Q26 net revenue grew 7% to $710m and EBITDA more than doubled to $86m, underscoring sustainable cash generation. Additional upside comes from resilient convention and premium demand, a strong Macau position, and longer-term expansion opportunities, including a planned Japan resort in 2030.
Bears say
MGM Resorts International is facing a negative setup because its core Las Vegas Strip business, which drives about 56% of 2025 EBITDAR, is still exposed to continued softness, tougher leisure comparisons, and a competitive promotional environment that can pressure margins. Q1 results underscored the strain, with property EBITDAR of about $1.3B falling short of estimates and margins down roughly 120 bps, while the Strip saw EBITDAR decline 8% year over year and Macau margins also compressed on the new brand fee. The valuation discount may look cheap at roughly 3.7x 2026E EBITDA, but rising costs to defend online share, prediction market threats, and uncertainty around regional, digital, and Macau growth leave limited visibility for sustained earnings expansion.
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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