MGM Resorts International (NYSE:MGM) Stock Price Expected to Rise, Truist Financial Analyst Says

MGM Resorts International (NYSE:MGM) had its target price upped by equities researchers at Truist Financial from $39.00 to $42.00 in a report issued on Thursday, MarketBeat reports. The firm presently has a “hold” rating on the stock. Truist Financial’s price target would indicate a potential upside of 8.88% from the company’s previous close.

MGM has been the topic of several other research reports. Capital One Financial lifted their price target on shares of MGM Resorts International from $46.00 to $51.00 and gave the stock an “overweight” rating in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft upped their price objective on MGM Resorts International from $43.00 to $44.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Susquehanna lowered their target price on MGM Resorts International from $46.00 to $45.00 and set a “positive” rating on the stock in a research report on Friday, February 6th. UBS Group cut their price target on MGM Resorts International from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, April 10th. Finally, KeyCorp upgraded MGM Resorts International from a “sector weight” rating to an “overweight” rating and set a $117.00 price target for the company in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, MGM Resorts International currently has an average rating of “Hold” and a consensus target price of $47.12.

MGM Resorts International Price Performance

Shares of NYSE:MGM opened at $38.58 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.33 and a debt-to-equity ratio of 1.93. The stock has a market capitalization of $9.87 billion, a PE ratio of 53.58 and a beta of 1.28. The firm’s 50 day moving average price is $37.14 and its 200-day moving average price is $35.38. MGM Resorts International has a twelve month low of $29.18 and a twelve month high of $40.94.

MGM Resorts International (NYSE:MGM) last announced its earnings results on Wednesday, April 29th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.07). MGM Resorts International had a net margin of 1.03% and a return on equity of 24.43%. The business had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter last year, the firm posted $0.69 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities research analysts expect that MGM Resorts International will post 2.03 EPS for the current year.

Insiders Place Their Bets

In other news, Director Keith A. Meister sold 37,500 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $34.27, for a total value of $1,285,125.00. Following the completion of the sale, the director directly owned 5,347,978 shares of the company’s stock, valued at $183,275,206.06. This represents a 0.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Iac Inc. acquired 450,000 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The shares were purchased at an average price of $37.13 per share, for a total transaction of $16,708,500.00. Following the completion of the transaction, the insider directly owned 66,822,350 shares in the company, valued at approximately $2,481,113,855.50. This trade represents a 0.68% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 3.38% of the company’s stock.

Hedge Funds Weigh In On MGM Resorts International

Several large investors have recently made changes to their positions in MGM. CYBER HORNET ETFs LLC bought a new position in shares of MGM Resorts International in the second quarter worth about $25,000. Global Retirement Partners LLC raised its stake in MGM Resorts International by 55.9% during the 4th quarter. Global Retirement Partners LLC now owns 784 shares of the company’s stock valued at $29,000 after purchasing an additional 281 shares during the period. International Assets Investment Management LLC bought a new stake in MGM Resorts International during the 1st quarter valued at approximately $30,000. Mather Group LLC. purchased a new position in MGM Resorts International in the 3rd quarter worth approximately $33,000. Finally, Elyxium Wealth LLC bought a new position in MGM Resorts International in the 4th quarter worth approximately $42,000. 68.11% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting MGM Resorts International

Here are the key news stories impacting MGM Resorts International this week:

• Positive Sentiment: Q1 revenue beat and record net revenues driven by digital and China growth — company reported $4.45B in revenue (+4.2% Y/Y) with management citing digital and China as growth engines. MGM Q1 Earnings (Yahoo)
• Positive Sentiment: MGM China strong quarterly results and Macau recovery — MGM China reported double-digit revenue growth and higher visitor arrivals, supporting the group’s Asia exposure. MGM China Q1 (PR Newswire)
• Positive Sentiment: Las Vegas momentum: management highlighted stronger convention bookings and first-year-on-year Las Vegas net revenue growth in Q1 after tough comparables. Las Vegas uptick (HotelDive)
• Neutral Sentiment: Mixed analyst actions — several houses adjusted targets and ratings (Goldman raised PT but kept a sell, JPMorgan and Citi trimmed PTs but kept neutral, Truist lifted its PT to $42). These conflicting signals create uneven analyst guidance. Analyst moves (MarketScreener)
• Neutral Sentiment: Earnings-call tone: management said growth engines “beat headwinds” but also flagged cost pressures; investors must judge sustainability of revenue mix versus margin headwinds. Earnings call recap (TipRanks)
• Negative Sentiment: EPS miss and margin pressure — non-GAAP EPS of $0.49 missed consensus (~$0.56), and EBITDA in Las Vegas declined due to higher costs, which pressured the stock. Earnings details (Yahoo)
• Negative Sentiment: Jefferies downgraded MGM to Hold (from Buy), cutting its PT to $44 and citing concerns about the company’s capital structure and limited near-term growth — a clear negative that likely influenced selling. Jefferies downgrade (Yahoo/Investing)
• Negative Sentiment: Ongoing leverage and margin uncertainty — analysts and investors remain focused on debt levels (debt/equity ~1.9) and whether free cash flow will improve fast enough to justify higher valuations. Q1 metrics (Yahoo)

MGM Resorts International Company Profile

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.