MGM Resorts International (NYSE:MGM) Stock Price Target Cut by Truist Financial

Key Points

• Truist Financial lowered MGM Resorts’ price target from $45 to $40 but maintained a Buy rating, implying approximately 44% upside from the reported share price of $27.77.
• Analyst sentiment remains mixed: MGM has a consensus Hold rating and an average price target of $45.76, with recent target reductions from Stifel Nicolaus and Susquehanna contrasted with HSBC’s Strong Buy upgrade.
• MGM reported a quarterly loss of $0.11 per share versus expectations for a $0.04 profit, while revenue of $4.21 billion was essentially in line with estimates but declined 0.9% year over year.

MGM Resorts International (NYSE:MGM - Get Free Report) had its price objective reduced by Truist Financial from $45.00 to $40.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a "buy" rating on the stock. Truist Financial's target price indicates a potential upside of 44.02% from the stock's current price.

A number of other analysts have also issued reports on the company. HSBC upgraded MGM Resorts International to a "strong-buy" rating in a research note on Thursday, July 30th. Stifel Nicolaus cut their price objective on shares of MGM Resorts International from $40.00 to $35.00 and set a "hold" rating for the company in a research report on Thursday. Susquehanna decreased their target price on MGM Resorts International from $46.00 to $41.00 and set a "positive" rating on the stock in a research note on Thursday, October 8th. The Goldman Sachs Group restated a "sell" rating and set a $26.00 price objective on shares of MGM Resorts International in a research report on Thursday. Finally, UBS Group decreased their price objective on MGM Resorts International from $50.00 to $46.00 and set a "neutral" rating on the stock in a report on Friday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $45.76.

MGM Resorts International Stock Performance

MGM Resorts International stock traded up $0.50 during mid-day trading on Thursday, reaching $27.77. The company's stock had a trading volume of 3,606,361 shares, compared to its average volume of 4,367,211. MGM Resorts International has a 12-month low of $26.71 and a 12-month high of $51.59. The company has a market capitalization of $6.99 billion, a P/E ratio of 16.87, a PEG ratio of 1.56 and a beta of 1.35. 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 firm's fifty day moving average price is $35.35 and its two-hundred day moving average price is $39.06.

MGM Resorts International (NYSE:MGM - Get Free Report) last posted its earnings results on Wednesday, October 28th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.15). MGM Resorts International had a return on equity of 23.30% and a net margin of 2.40%. The company had revenue of $4.21 billion for the quarter, compared to analysts' expectations of $4.21 billion. During the same quarter in the prior year, the company earned $0.24 EPS. The company's revenue was down .9% on a year-over-year basis. Sell-side analysts predict that MGM Resorts International will post 1.79 EPS for the current fiscal year.

Institutional Trading of MGM Resorts International

A number of institutional investors have recently modified their holdings of MGM. State Street Corp raised its position in MGM Resorts International by 0.8% during the 2nd quarter. State Street Corp now owns 7,047,768 shares of the company's stock valued at $336,954,000 after purchasing an additional 56,072 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of MGM Resorts International by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,379,727 shares of the company's stock worth $88,050,000 after buying an additional 36,649 shares during the last quarter. Montanova Capital LLC grew its position in shares of MGM Resorts International by 7.7% in the 2nd quarter. Montanova Capital LLC now owns 2,325,360 shares of the company's stock worth $111,175,000 after buying an additional 166,560 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of MGM Resorts International by 3.0% during the second quarter. Bank of New York Mellon Corp now owns 1,598,531 shares of the company's stock valued at $76,426,000 after buying an additional 46,268 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of MGM Resorts International by 2.2% during the first quarter. Royal Bank of Canada now owns 1,110,977 shares of the company's stock valued at $41,117,000 after buying an additional 23,951 shares during the period. 68.11% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about 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 climbed to a historic 17.1%. Macau revenue increased about 5%, helping offset weakness in Las Vegas. MGM China Reports 2026 Third-Quarter Results
• Positive Sentiment: BetMGM continued to grow. Net revenue from operations rose 7% in the quarter, and MGM said North American venture distributions and branding license fees contributed $34 million. Las Vegas slot win also set a new resort record. MGM Resorts: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: The People Inc. takeover discussions have ended. MGM’s CEO said the company is “done” with deal talks. The amended voting agreement with People Inc. may reduce immediate takeover speculation, but it also removes a potential acquisition premium from the stock. MGM Resorts No Longer in Deal Talks With People Inc.
• Negative Sentiment: Third-quarter profitability missed expectations. MGM reported a loss of $0.11 per share versus the consensus estimate of $0.04 profit, compared with $0.24 earnings a year earlier. Revenue of $4.21 billion was essentially in line with estimates but declined 0.9% year over year. MGM Resorts Reports Third-Quarter 2026 Results
• Negative Sentiment: Las Vegas trends weakened. Lower room rates contributed to declines in Las Vegas revenue and earnings, raising concerns about domestic demand and near-term margins. MGM Resorts Las Vegas Revenue and Earnings Fall
• Negative Sentiment: Analysts lowered their targets. Stifel cut its target to $35 and assigned a Hold rating, while Truist reduced its target to $40 but maintained a Buy rating. The revisions reflect uncertainty following the earnings miss, despite implied upside from current levels.

MGM Resorts International Company Profile

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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