Brokerages Set MGM Resorts International (NYSE:MGM) Price Target at $49.76

Posted by Stanley Muller on Jun 13th, 2026

MGM Resorts International (NYSE:MGM – Get Free Report) has been assigned an average recommendation of “Hold” from the twenty-two analysts that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $50.1765.

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group downgraded MGM Resorts International from a “buy” rating to a “hold” rating and decreased their target price for the stock from $50.00 to $44.00 in a research report on Friday, May 1st. KeyCorp raised MGM Resorts International from a “sector weight” rating to an “overweight” rating and set a $117.00 target price for the company in a research report on Monday, April 27th. Susquehanna increased their price objective on shares of MGM Resorts International from $45.00 to $50.00 and gave the company a “positive” rating in a research report on Monday, June 1st. Stifel Nicolaus lowered their price objective on shares of MGM Resorts International from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. Finally, Wells Fargo & Company increased their price objective on shares of MGM Resorts International from $30.00 to $33.00 and gave the company an “underweight” rating in a research report on Thursday, April 30th.

Read Our Latest Analysis on MGM Resorts International

Insider Activity at MGM Resorts International

In other news, major shareholder Iac Inc. acquired 450,000 shares of the stock in a transaction on Tuesday, March 24th. The stock was bought at an average price of $37.13 per share, with a total value of $16,708,500.00. Following the completion of the transaction, the insider directly owned 66,822,350 shares of the company’s stock, valued at $2,481,113,855.50. The trade was a 0.68% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel J. Taylor sold 6,675 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $38.44, for a total transaction of $256,587.00. The disclosure for this sale is available in the SEC filing. 3.38% of the stock is owned by company insiders.

Institutional Trading of MGM Resorts International

Several large investors have recently bought and sold shares of MGM. AQR Capital Management LLC grew its position in MGM Resorts International by 202.5% in the third quarter. AQR Capital Management LLC now owns 8,446,982 shares of the company’s stock valued at $292,772,000 after acquiring an additional 5,654,757 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in MGM Resorts International by 81.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 7,642,060 shares of the company’s stock valued at $264,874,000 after acquiring an additional 3,429,946 shares in the last quarter. Davis Selected Advisers grew its position in MGM Resorts International by 12.0% in the fourth quarter. Davis Selected Advisers now owns 26,820,202 shares of the company’s stock valued at $978,669,000 after acquiring an additional 2,866,750 shares in the last quarter. Norges Bank acquired a new stake in shares of MGM Resorts International during the fourth quarter worth approximately $82,348,000. Finally, Samlyn Capital LLC acquired a new stake in shares of MGM Resorts International during the third quarter worth approximately $62,787,000. Institutional investors and hedge funds own 68.11% of the company’s stock.

MGM Resorts International Stock Up 3.6%

MGM opened at $48.91 on Wednesday. The firm has a 50 day moving average price of $40.27 and a 200 day moving average price of $37.35. The company has a market cap of $12.51 billion, a PE ratio of 67.93 and a beta of 1.31. MGM Resorts International has a 1 year low of $29.18 and a 1 year high of $51.59. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.30 and a current ratio of 1.33.

MGM Resorts International (NYSE:MGM – Get Free Report) last posted its earnings results on Wednesday, April 29th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.07). The business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.37 billion. MGM Resorts International had a return on equity of 24.43% and a net margin of 1.03%.The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the company posted $0.69 EPS. Sell-side analysts expect that MGM Resorts International will post 1.95 earnings per share for the current year.

MGM Resorts International Company Profile

(Get Free Report)

MGM Resorts International is a leading global hospitality and entertainment company that develops, owns and operates destination resorts, hotels and casinos. Its properties feature integrated gaming floors alongside luxury accommodations, fine dining and retail outlets, live entertainment venues and convention facilities. The company also offers loyalty programs, sports betting and digital gaming experiences to enhance guest engagement and drive repeat visitation.

The company traces its heritage to the opening of the original MGM Grand Hotel & Casino on the Las Vegas Strip in 1973.

Analyst Recommendations for MGM Resorts International (NYSE:MGM)

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