Stifel Nicolaus Issues Pessimistic Forecast for MGM Resorts International (NYSE:MGM) Stock Price

Key Points

• Stifel Nicolaus lowered MGM Resorts’ price target from $40 to $35 while maintaining a “Hold” rating, implying roughly 28% upside from the stock’s previous close.
• Analyst sentiment remains mixed but centers on “Hold,” with a consensus price target of $46.59; other firms also recently reduced targets, despite some maintaining Buy or Outperform ratings.
• MGM reported a quarterly loss of $0.11 per share versus expectations for $0.04 in earnings, while revenue of $4.21 billion was in line with estimates but down 0.9% year over year.

MGM Resorts International (NYSE:MGM - Get Free Report) had its price target lowered by equities research analysts at Stifel Nicolaus from $40.00 to $35.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a "hold" rating on the stock. Stifel Nicolaus's price objective points to a potential upside of 28.30% from the company's previous close.

A number of other research analysts have also issued reports on MGM. Bank of America began coverage on shares of MGM Resorts International in a research note on Thursday, September 24th. They set a "neutral" rating and a $40.00 target price for the company. UBS Group dropped their price target on shares of MGM Resorts International from $50.00 to $46.00 and set a "neutral" rating on the stock in a research note on Friday, September 11th. Weiss Ratings cut MGM Resorts International from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday. Susquehanna cut their price target on MGM Resorts International from $46.00 to $41.00 and set a "positive" rating on the stock in a report on Thursday, October 8th. Finally, Mizuho reduced their price objective on MGM Resorts International from $60.00 to $55.00 and set an "outperform" rating for the company in a research report on Thursday, September 24th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, MGM Resorts International has a consensus rating of "Hold" and an average target price of $46.59.

MGM Resorts International Stock Performance

Shares of MGM opened at $27.28 on Thursday. MGM Resorts International has a 1 year low of $27.20 and a 1 year high of $51.59. The company has a market cap of $6.86 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth 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 has a fifty day moving average of $35.35 and a 200-day moving average of $39.06.

MGM Resorts International (NYSE:MGM - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The company reported ($0.11) 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 firm had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the prior year, the company posted $0.24 EPS. The firm's revenue was down .9% on a year-over-year basis. As a group, equities analysts anticipate that MGM Resorts International will post 1.79 earnings per share for the current year.

Hedge Funds Weigh In On MGM Resorts International

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

MGM Resorts International News Roundup

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%. Macau’s recovery, supported by an 8% year-over-year increase in average daily visitors, provides an important growth offset. MGM China Reports 2026 Third-Quarter Results
• Positive Sentiment: BetMGM and Las Vegas slot operations showed momentum. BetMGM’s third-quarter net revenue from operations increased 7%, and Las Vegas slot win reached a new resort record. BetMGM also contributed $34 million in venture distributions and branding-license fees to MGM Resorts. MGM Resorts: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Truist remains bullish but lowered its price target. The firm reduced its target to $40 from $45 while maintaining a Buy rating, signaling continued long-term confidence but more cautious near-term expectations. Truist Adjusts Price Target on MGM Resorts International
• Negative Sentiment: Third-quarter earnings missed expectations. MGM reported a loss of $0.11 per share versus the approximately $0.04 consensus estimate, while revenue of $4.21 billion was essentially in line with forecasts but declined 0.9% year over year. MGM Resorts International Reports Third Quarter 2026 Results
• Negative Sentiment: Las Vegas performance weakened. Lower room rates reduced Las Vegas revenue and earnings, offsetting gains from MGM China and adding to concerns about domestic demand and pricing power. MGM Resorts Las Vegas Revenue and Earnings Fall
• Negative Sentiment: Takeover speculation has faded. MGM’s CEO said the company is “done” with deal talks involving People Inc. The withdrawal removes a potential takeover catalyst, although an amended voting agreement leaves some flexibility regarding future change-of-control proposals. MGM No Longer in Deal Talks With People Inc.

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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