MGM Resorts International

NYSE:MGM Stock Report

Market Cap: US$9.5b

MGM Resorts International Future Growth

Future criteria checks 1/6

MGM Resorts International is forecast to grow earnings and revenue by 1.9% and 1.9% per annum respectively. EPS is expected to grow by 11.5% per annum. Return on equity is forecast to be 36.8% in 3 years.

Key information

1.9%

Earnings growth rate

11.54%

EPS growth rate

Hospitality earnings growth20.0%
Revenue growth rate1.9%
Future return on equity36.83%
Analyst coverage

Good

Last updated18 Sep 2026

Recent future growth updates

Recent updates

Narrative Update • Sep 17

MGM: Take Private Bid Will Drive Upside Ahead Of Osaka Opening

MGM Resorts International's updated fair value estimate has shifted to $43 from $33 as analysts recalibrate their price targets. This reflects mixed views on Las Vegas and Macau, potential upside from Osaka and M&A, and differing opinions on how sector headwinds and the Barry Diller bid shape risk and opportunity for the stock.
Narrative Update • Sep 03

MGM: People Inc. Bid And Osaka Prospects Will Support Upside

MGM Resorts International's analyst fair value estimate has shifted modestly higher to $59.56 from $58.34, with analysts pointing to a mix of slightly stronger profit margin expectations, updated P/E assumptions, and ongoing interest around its Osaka and Macau exposure as key reasons for the change. Analyst Commentary Recent research coverage on MGM Resorts International shows several bullish analysts lifting price targets and, in some cases, upgrading ratings.
Seeking Alpha • Aug 21

MGM Resorts International Is Worth Betting On

Summary MGM Resorts International remains a Buy due to attractive valuation and strong balance sheet despite recent underperformance versus the S&P 500. MGM's growth is driven by MGM China and MGM Digital, while Las Vegas and regional operations face near-term headwinds from weak visitation and consumer sentiment. Management is investing in long-term growth, including the MGM Osaka resort in Japan and expanding digital and sports-betting platforms. MGM stock trades at low cash flow and EV/EBITDA multiples relative to peers, with a net leverage ratio of 1.57, reinforcing its investment appeal. Read the full article on Seeking Alpha
Narrative Update • Aug 13

MGM: Takeover Bid And Osaka Project Will Shape Future Upside Potential

Analysts have lifted the fair value estimate for MGM Resorts International to $50.57 from $49.24, citing a series of higher price targets in the $43 to $55 range and updated views on U.S. gaming trends, potential M&A activity, and longer term optionality in Japan. Analyst Commentary Recent research on MGM Resorts International points to a wide range of views on valuation, execution risk, and growth options.
Narrative Update • Jul 30

MGM: People Inc. Bid And Las Vegas Events Will Support Upside

The updated fair value estimate for MGM Resorts International has increased to $58.34 from $55.98, as analysts raise price targets into a $43 to $55 range. They cite steadier U.S. brick-and-mortar demand, a strong Las Vegas events calendar, potential M&A outcomes around the $48.30 offer, and longer term optionality in Japan.
Narrative Update • Jul 16

MGM: Takeover Bid Talks And Japan Project Will Shape Balanced Outlook

MGM Resorts International's updated analyst price target has increased to $49.24 from $46.61. This adjustment reflects analysts' recent target increases into the mid $40s to mid $50s range as they consider potential takeout scenarios, regional and digital gaming expectations, and longer term optionality in Japan.
Narrative Update • Jul 02

MGM: Takeover Bid And Japan Optionality Will Shape Balanced Outlook

The analyst price target for MGM Resorts International has moved higher from $43.58 to $46.61, with analysts highlighting increased assumed revenue growth, a slightly higher profit margin outlook, and added value tied to potential acquisition outcomes and longer term optionality in Japan. Analyst Commentary Recent research on MGM Resorts International shows a wide range of views, but a clear focus on how a potential takeout by People Incorporated, together with the longer term prospects in Japan and the Las Vegas Strip, could influence the stock's valuation and execution risk.
Narrative Update • Jun 18

MGM: Take Private Bid Will Cap Stock Upside Despite Osaka Optionality

Analysts have raised their consolidated price target for MGM Resorts International to a range centered around $50 to $55, citing a combination of higher acquisition-related expectations, an improved outlook for the Las Vegas Strip, and additional value associated with longer-term projects such as MGM Osaka. Analyst Commentary Recent research on MGM Resorts International shows a mix of constructive and cautious views, with several large firms updating their price targets and ratings around the proposed People Incorporated cash offer at US$48.30 per share and the potential longer term contribution from MGM Osaka.
Narrative Update • Jun 02

MGM: Take Private Bid And Las Vegas Execution Will Restrain Upside

MGM Resorts International's fair value estimate has been updated from $31.00 to $33.00 as analysts factor in higher Street price targets around $50 to $55 and the potential impact of People Inc.'s proposed take private offer. Analyst Commentary Recent research on MGM Resorts International centers on two themes: a higher range of price targets in the US$50 to US$55 area and the potential impact of People Inc.'s proposed US$48.30 per share cash offer to take the company private.
Narrative Update • May 19

MGM: Future Share Repurchases And Las Vegas Packages Will Support Upside

MGM Resorts International's updated analyst price target edges lower to about $56, with recent mixed target changes from Deutsche Bank, Citi, JPMorgan, Truist, Barclays, Wells Fargo, UBS, Morgan Stanley and Stifel reflecting analysts' blended views on slightly higher expected revenue growth, a modestly lower profit margin, and an updated P/E assumption. Analyst Commentary Recent Street research around MGM Resorts International reflects a mix of higher and lower price targets, with several bullish analysts highlighting potential upside drivers for the stock alongside more cautious views.
Analysis Article • May 07

MGM Resorts International's (NYSE:MGM) Soft Earnings Don't Show The Whole Picture

Soft earnings didn't appear to concern MGM Resorts International's ( NYSE:MGM ) shareholders over the last week. We did...
Narrative Update • May 02

MGM: Future Buybacks And New Las Vegas Packages Will Support Upside

The analyst price target for MGM Resorts International has moved higher by about $1 to roughly $44, as analysts factor in updated expectations for revenue growth, profit margins, and future P/E following a mix of recent target hikes and trims across major firms. Analyst Commentary Recent Street research on MGM Resorts International reflects a mix of optimism and caution, with several firms adjusting price targets and at least one rating change to a more neutral stance.
Narrative Update • Apr 18

MGM: Future Capital Returns And Las Vegas Initiatives Will Support Upside

The analyst price target for MGM Resorts International has shifted slightly higher, with fair value moving from $56.41 to $56.79 as analysts factor in updated assumptions on revenue, margins and forward P/E following a mix of recent target changes across major firms. Analyst Commentary Recent Street research on MGM Resorts International shows a split tape, with several firms trimming targets while others edge them higher.
Narrative Update • Apr 04

MGM: Future Las Vegas Recovery And Share Repurchases Will Support Upside

The analyst price target for MGM Resorts International has been adjusted slightly higher to about $56.41 from roughly $56.28, as analysts weigh recent mixed rating changes against supporting views tied to Las Vegas trends, BetMGM, Macau, and the long term Japan project. Analyst Commentary Recent Street research around MGM Resorts International reflects a generally constructive tone, with several bullish analysts adjusting price targets higher and highlighting specific growth drivers tied to Las Vegas, BetMGM, Macau, and the Japan opportunity.
Narrative Update • Mar 20

MGM: Future Buybacks And Las Vegas Recovery Will Support Upside

MGM Resorts International's analyst price target has edged higher to about $42.67 from roughly $42.56, as analysts factor in updated assumptions on discount rates, revenue growth, profit margins and future P/E, while referencing recent Street research that includes both price target increases and a downgrade. Analyst Commentary Recent Street research on MGM Resorts International reflects a mix of optimism and caution, with several firms adjusting price targets and one high profile downgrade.
Narrative Update • Mar 06

MGM: Las Vegas Execution Risks Will Limit Upside Despite International Ambitions

Narrative Update: MGM Resorts International The consolidated analyst price target for MGM Resorts International has moved modestly higher by several dollars to reflect updated views on Las Vegas fundamentals, BetMGM potential, Macau traction and long term international projects such as Japan, even as individual firms made smaller upward and downward adjustments. Analyst Commentary Recent Street research around MGM Resorts International has been mixed, with several firms adjusting price targets both higher and lower and at least one downgrade alongside fresh initiation coverage.
Narrative Update • Feb 20

MGM: Future Las Vegas Recovery And Ongoing Buybacks Will Drive Upside

MGM Resorts International's updated analyst price target has edged higher by about $0.74 to $56.28, as analysts factor in slightly stronger revenue growth and profit margin assumptions, along with a modestly lower future P/E multiple in light of recent mixed but generally supportive Street research. Analyst Commentary Recent research on MGM Resorts International has been active, with several bullish analysts adjusting their outlooks and price targets while one major bank has taken a more cautious stance.
Narrative Update • Feb 06

MGM: Future Las Vegas Recovery And Share Buybacks Will Drive Upside

Narrative Update: MGM Resorts International The analyst price target for MGM Resorts International has shifted from US$58.00 to about US$55.54 as analysts weigh softer modeled revenue growth and profit margins against mixed recent research views that include rating downgrades, as well as expectations for future Las Vegas improvement, BetMGM value, Macau contributions, and progress on the planned Japan resort. Analyst Commentary Recent research on MGM Resorts International reflects a mixed but constructive backdrop, with some cautious takes on current operating conditions balanced by more upbeat views on longer term catalysts such as Las Vegas trends, digital exposure and international expansion.
Narrative Update • Jan 23

MGM: Las Vegas And Regional Weakness Will Limit Upside Despite Macau Progress

Analysts have lifted their fair value estimate for MGM Resorts International to US$31.00 from US$29.00. They cite a revised revenue growth outlook, updated profit margin assumptions, a higher future P/E and mixed but constructive views on Las Vegas, BetMGM, Macau and long term projects such as Japan.
Narrative Update • Jan 09

MGM: Capital Freed From NY Exit Will Support Future Upside

Analysts have made a modest upward adjustment to their fair value estimate for MGM Resorts International to about US$42.56 per share, reflecting mixed but generally constructive views on Las Vegas trends, Macau performance, capital allocation flexibility after the New York license withdrawal, and longer term potential from BetMGM and the Japan project. Analyst Commentary Street research on MGM Resorts International is mixed, with some firms focused on longer term growth platforms and capital flexibility, while others are more cautious on near term operating trends and valuation risk.
Narrative Update • Dec 13

MGM: Las Vegas And Regional Headwinds Will Likely Cap Near-Term Upside

Analysts have reduced their fair value estimate for MGM Resorts International from $37.00 to $29.00 per share, as softer Las Vegas trends, regional promotional uncertainty, and mixed Macau data temper prior growth and valuation assumptions, despite some capital allocation positives. Analyst Commentary Recent Street research indicates that sentiment around MGM Resorts International has turned more cautious, with several firms revisiting their ratings and valuation frameworks in light of softer fundamentals in key markets.
Narrative Update • Nov 28

MGM: Capital Deployment Flexibility From NY Exit Will Drive Recovery

The analyst price target for MGM Resorts International has declined from approximately $44.15 to $42.50. Analysts point to ongoing pressure in Las Vegas and regional markets, despite stable margins and some positive developments in Macau.
Narrative Update • Nov 14

MGM: Capital Allocation Shift and Macau Trends Will Drive Share Recovery

Analysts have slightly reduced their fair value estimate for MGM Resorts International to $44.15 from $44.21, citing recent price target adjustments due to mixed outlooks for both Las Vegas and Macau performance. Analyst Commentary Industry analysts recently weighed in on MGM Resorts International, offering both optimistic and cautious insights that reflect underlying trends in Las Vegas and Macau, as well as company-specific developments.
Narrative Update • Oct 31

MGM: Capital Allocation Flexibility And Macau Momentum Will Drive Share Rebound

MGM Resorts International's analyst price target has been reduced to $44.21 from $46.68, as analysts point to slightly weaker revenue growth and profit margin outlooks. This follows cautious industry trends and softer recent regional performance.
Narrative Update • Oct 16

Digital Gaming And Global Resorts Will Unlock Future Value

Analysts have lowered their price target for MGM Resorts International from approximately $47.92 to $46.68 per share. They cite softening Las Vegas trends and mixed sentiment around recent updates in Macau and corporate strategy.
Seeking Alpha • Feb 06

MGM Resorts: Undervalued Too Long, It Needs To Spin Off Its Digital Unit To Build Real Value

Summary MGM Resorts International's stock is stable between $33.23 and $46.60, supported by strong revenue, EBITDA, and a value P/E of 10.63. Global expansion includes a $8 billion Japan project, financed by cheaper debt, showcasing a solid financial profile. BetMGM holds an 11% share in the U.S. sports betting market, trailing FanDuel (35%) and DraftKings (32%). Consider a renewed offer for Entain's share as part of a broader digital spinoff to enhance shareholder value. Read the full article on Seeking Alpha
Seeking Alpha • Jan 13

MGM Resorts: Ready To Roll The Dice On A Market Leader And Cashflow Generator

Summary Starting coverage of MGM Resorts today, I am calling it a buy, driven by its top market share and steady trend of positive cashflow. Although the macro outlook for Las Vegas is mixed for 2025, MGM has been growing in Asia and has a diversified US portfolio beyond Vegas. The stock is not a dividend payer, but it is trading below its moving average and at an undervaluation to peers. Fitch maintains a "BB-", slightly below investment-grade rating. Read the full article on Seeking Alpha
Seeking Alpha • Nov 11

Why MGM Is A Buy: The Complete Guide

Summary MGM Resorts International offers a compelling investment opportunity with strong momentum in 2025, driven by Las Vegas tourism, digital gaming, and new geographic developments. The company operates four segments: Las Vegas, Regionals, and China, and Digital. Key growth drivers include new resort developments in Japan, Thailand, UAE, and digital expansion internationally, enhancing MGM's revenue and free cash flow. MGM's strong balance sheet, dominant Las Vegas position, and attractive valuation suggest potential market-beating returns over the next five years. Read the full article on Seeking Alpha
Seeking Alpha • Sep 25

Rolling The Dice With MGM Resorts: Growth On The Strip, But Risks Linger

Summary MGM Resorts International shows revenue growth in Vegas and Macau but faces high debt, poor dividends, and weak stock performance, making it a risky investment. Despite strong revenue and insider buying, MGM's high debt and poor dividend growth justify a “Hold” rating over a “Buy.”. MGM's valuation appears low, with potential upside if it manages its debt and grows earnings, but risks like cyberattacks and labor costs loom. The company's expansion into luxury services and online gaming shows promise, but challenges in Macau and the broader economy add uncertainty. Read the full article on Seeking Alpha
User avatar
New Narrative • Aug 22

Decisive Partnerships And Luxury Focus Propel Company's Growth And Diversify Revenue Streams

Strategic partnerships and luxury investments in Las Vegas are poised to enhance MGM Resorts International's revenue and net margins by attracting premium clientele.
Seeking Alpha • Aug 09

MGM: Buy On The Dip Despite Lingering Negative Sentiment

Summary MGM is an industry giant with a reasonable debt load and a global vision that some investors struggle to understand. Management under Bill Hornbuckle has shown resilience through crises and strategic acquisitions, positioning the company for future growth. Despite concerns about debt and global strategy, analysts see MGM as undervalued with potential for significant upside based on valuations and financial stability. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NYSE:MGM - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202818,3035701,3912,43713
12/31/202717,9425251,4772,49320
12/31/202617,6946131,4592,15221
6/30/202617,7614241,4952,463N/A
3/31/202617,7151881,5552,550N/A
12/31/202517,5382111,4602,529N/A
9/30/202517,279671,3692,546N/A
6/30/202517,2125361,2952,532N/A
3/31/202517,1346751,1542,360N/A
12/31/202417,2417441,2122,362N/A
9/30/202417,3039031,3322,407N/A
6/30/202417,0828801,4852,434N/A
3/31/202416,6858941,5722,536N/A
12/31/202316,1641,1441,7592,691N/A
9/30/202315,3341,0961,4862,398N/A
6/30/202314,7783661,1832,105N/A
3/31/202314,1021,9361,2372,040N/A
12/31/202213,1271,4419911,756N/A
9/30/202212,5511,2821,1951,820N/A
6/30/202211,7693,1941,3941,938N/A
3/31/202210,7071,4901,3681,882N/A
12/31/20219,4541,1768831,373N/A
9/30/20217,801615228643N/A
6/30/20216,271-1,261-353-39N/A
3/31/20214,352-2,153-1,434-1,158N/A
12/31/20204,917-997-1,764-1,493N/A
9/30/20206,6011,472-1,229-795N/A
6/30/20208,7141,964-801-243N/A
3/31/202011,5522,834N/A988N/A
12/31/201912,4632,046N/A1,810N/A
9/30/201912,3262N/A1,683N/A
6/30/201912,042181N/A1,597N/A
3/31/201911,684254N/A1,545N/A
12/31/201811,338445N/A1,723N/A
9/30/201810,8931,844N/A2,090N/A
6/30/201810,6981,854N/A2,360N/A
3/31/201810,4971,946N/A2,379N/A
12/31/201710,3951,934N/A2,206N/A
9/30/201710,263589N/A1,997N/A
6/30/20179,951976N/A1,859N/A
3/31/20179,5671,241N/A1,715N/A
12/31/20169,0811,100N/A1,534N/A
9/30/20168,789295N/A1,316N/A
6/30/20168,556-174N/A1,171N/A
3/31/20168,669-551N/A1,054N/A
12/31/20158,791-448N/A1,005N/A
9/30/20158,986-9N/A846N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MGM's forecast earnings growth (1.9% per year) is below the savings rate (3.7%).

Earnings vs Market: MGM's earnings (1.9% per year) are forecast to grow slower than the US market (17.4% per year).

High Growth Earnings: MGM's earnings are forecast to grow, but not significantly.

Revenue vs Market: MGM's revenue (1.9% per year) is forecast to grow slower than the US market (13.6% per year).

High Growth Revenue: MGM's revenue (1.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MGM's Return on Equity is forecast to be high in 3 years time (36.8%)

Discover growth companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/21 04:01
End of Day Share Price 2026/09/18 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

MGM Resorts International is covered by 39 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John StaszakArgus Research Company
Felicia Kantor HendrixBarclays
"Brandt MontourBarclays