MGM Resorts International (NYSE:MGM) Stock Gets Price Target Trim from JPMorgan Chase & Co.

Key Points

• JPMorgan lowered MGM Resorts’ price target from $42 to $39 but maintained an “overweight” rating, implying approximately 35.5% upside from the stock’s reported $28.78 price.
• Analyst sentiment remains mixed: MGM has an overall “Hold” rating and an average price target of $45.59, with targets ranging from $32 to $57.
• MGM shares rose 5.5% in Thursday trading, despite the company reporting a quarterly loss of $0.11 per share versus expectations for a $0.04 profit; revenue was $4.21 billion, essentially flat year over year.

MGM Resorts International (NYSE:MGM - Get Free Report) had its price target dropped by equities researchers at JPMorgan Chase & Co. from $42.00 to $39.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 35.50% from the company's current price.

Several other analysts have also recently weighed in on the stock. Capital One Financial increased their price target on shares of MGM Resorts International from $53.00 to $57.00 and gave the company an "overweight" rating in a research note on Monday, September 21st. HSBC raised shares of MGM Resorts International to a "strong-buy" rating in a research report on Thursday, July 30th. Wells Fargo & Company set a $35.00 price objective on MGM Resorts International in a report on Thursday. Weiss Ratings cut MGM Resorts International from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday. Finally, Citigroup lowered their price objective on MGM Resorts International from $48.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, October 12th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $45.59.

MGM Resorts International Trading Up 5.5%

Shares of MGM stock traded up $1.51 on Thursday, hitting $28.78. 11,139,659 shares of the stock traded hands, compared to its average volume of 4,405,090. The firm's 50-day moving average price is $35.35 and its two-hundred day moving average price is $39.06. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.30 and a current ratio of 1.34. The stock has a market capitalization of $7.24 billion, a PE ratio of 17.44, a PEG ratio of 1.56 and a beta of 1.35. MGM Resorts International has a twelve month low of $26.71 and a twelve month high of $51.59.

MGM Resorts International (NYSE:MGM - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.15). MGM Resorts International had a net margin of 2.40% and a return on equity of 23.30%. The firm had revenue of $4.21 billion during the quarter, compared to analysts' expectations of $4.21 billion. During the same period in the prior year, the company posted $0.24 EPS. The company's revenue for the quarter was down .9% compared to the same quarter last year. As a group, analysts anticipate that MGM Resorts International will post 1.79 EPS for the current year.

Institutional Investors Weigh In On MGM Resorts International

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in MGM Resorts International in the third quarter worth approximately $1,434,000. ProShare Advisors LLC increased its position in shares of MGM Resorts International by 52.7% in the 3rd quarter. ProShare Advisors LLC now owns 62,344 shares of the company's stock valued at $1,936,000 after purchasing an additional 21,520 shares during the last quarter. Vise Technologies Inc. increased its position in shares of MGM Resorts International by 8.6% in the 3rd quarter. Vise Technologies Inc. now owns 13,105 shares of the company's stock valued at $407,000 after purchasing an additional 1,033 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in shares of MGM Resorts International by 98.3% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 23,800 shares of the company's stock valued at $739,000 after purchasing an additional 11,800 shares during the last quarter. Finally, Arena Capital Advisors LLC CA acquired a new stake in shares of MGM Resorts International in the 3rd quarter valued at $202,000. 68.11% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting MGM Resorts International

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

• Positive Sentiment: MGM China delivered record results. Revenue and adjusted EBITDA reached third-quarter records, while market share rose to a historic 17.1% amid strong Macau tourism. China revenue increased 5% to approximately $1.1 billion, providing an important offset to weakness in Las Vegas. MGM China Reports 2026 Third-Quarter Results
• Positive Sentiment: Digital gaming and select operating metrics remained strong. BetMGM’s third-quarter net revenue from operations rose 7%, and Las Vegas slot win set a new resort record. BetMGM distributions and branding license fees contributed $34 million to MGM Resorts during the quarter. MGM Resorts: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Analyst sentiment remains mixed but includes meaningful upside. Truist maintained a Buy rating with a $40 price target, despite reducing it from $45, indicating confidence that the stock’s valuation reflects much of the near-term weakness. Truist Adjusts Price Target on MGM Resorts
• Neutral Sentiment: MGM and People Incorporated ended takeover discussions. The company said it is no longer pursuing deal talks, while an amended voting agreement preserves certain governance arrangements and could leave the door open to future third-party interest. MGM Resorts No Longer in Deal Talks With People Inc.
• Negative Sentiment: Third-quarter earnings missed expectations. MGM reported a loss of $0.11 per share versus the consensus expectation of a $0.04 profit. Revenue of $4.21 billion was essentially flat year over year and below some estimates, increasing concern about near-term profitability. MGM Resorts Q3 Earnings Miss Estimates
• Negative Sentiment: Las Vegas remains the main weakness. Lower room rates and softer regional profitability pressured results, offsetting growth in China and digital operations. Stifel lowered its target from $40 to $35 and maintained a Hold rating, reflecting a more cautious outlook. MGM Resorts Las Vegas Revenue and Earnings Fall

About MGM Resorts International

MGM Resorts International is a global hospitality and entertainment company that develops, owns, and operates destination resorts featuring casinos, hotels, restaurants, entertainment venues, convention facilities, retail spaces, and nightlife offerings. Its portfolio includes well-known properties such as MGM Grand, Bellagio, ARIA, Mandalay Bay, and The Cosmopolitan of Las Vegas.

The company serves customers through properties in Las Vegas and other U.S. markets, including regional destinations in Michigan, Maryland, Massachusetts, Mississippi, New Jersey, New York, and Ohio.

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