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

Key Points

• Citigroup cut its price target on MGM to $40 from $41 and kept a "neutral" rating, implying only about a 1.6% upside from the prior close while the Street consensus remains a "Hold" with a $47.31 average price target.
• MGM's Q1 results showed a revenue beat ($4.45B vs. $4.38B est., +4.2% YoY) but an EPS miss ($0.49 vs. ~$0.57 est.), with Las Vegas margins squeezed by higher costs, pressuring near‑term profitability and valuation multiples.
• Offsetting headwinds, MGM China and BetMGM reported strong growth and the company closed the sale of MGM Northfield Park for ~$546M, which improves liquidity and reduces reliance on U.S. Strip recoveries.

MGM Resorts International (NYSE:MGM - Get Free Report) had its target price decreased by equities researchers at Citigroup from $41.00 to $40.00 in a research report issued on Thursday,MarketScreener reports. The firm presently has a "neutral" rating on the stock. Citigroup's price objective would indicate a potential upside of 1.63% from the stock's previous close.

Several other brokerages also recently issued reports on MGM. Susquehanna cut their price objective on shares of MGM Resorts International from $46.00 to $45.00 and set a "positive" rating for the company in a research report on Friday, February 6th. Berenberg Bank reiterated a "buy" rating on shares of MGM Resorts International in a research note on Wednesday, February 11th. JPMorgan Chase & Co. lifted their price target on MGM Resorts International from $41.00 to $42.00 and gave the stock a "neutral" rating in a report on Thursday, April 16th. Texas Capital upgraded MGM Resorts International to a "strong-buy" rating in a research note on Thursday, January 8th. Finally, KeyCorp raised MGM Resorts International from a "sector weight" rating to an "overweight" rating and set a $117.00 price objective on the stock in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $47.31.

MGM Resorts International Price Performance

Shares of MGM opened at $39.36 on Thursday. The firm has a market capitalization of $10.07 billion, a PE ratio of 52.80 and a beta of 1.35. The company's 50-day moving average is $37.10 and its 200-day moving average is $35.36. MGM Resorts International has a fifty-two week low of $29.18 and a fifty-two week high of $40.94. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.23 and a quick ratio of 1.20.

MGM Resorts International (NYSE:MGM - Get Free Report) last announced its earnings results on Wednesday, April 29th. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.08). MGM Resorts International had a return on equity of 26.04% and a net margin of 1.17%.The company had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.38 billion. During the same period in the previous year, the firm posted $0.69 EPS. The business's quarterly revenue was up 4.2% on a year-over-year basis. Equities analysts forecast that MGM Resorts International will post 2.03 EPS for the current year.

Insider Activity at MGM Resorts International

In related news, Director Keith A. Meister sold 37,500 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $34.27, for a total transaction of $1,285,125.00. Following the sale, the director 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 filing with the SEC, which is available through the SEC website. Also, major shareholder Iac Inc. acquired 550,000 shares of the stock in a transaction on Monday, March 23rd. The shares were bought at an average price of $37.30 per share, for a total transaction of $20,515,000.00. Following the purchase, the insider owned 66,372,350 shares in the company, valued at approximately $2,475,688,655. This trade represents a 0.84% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.38% of the stock is currently owned by company insiders.

Institutional Trading of MGM Resorts International

Several large investors have recently modified their holdings of MGM. CYBER HORNET ETFs LLC bought a new position in shares of MGM Resorts International in the second quarter worth $25,000. Global Retirement Partners LLC lifted its position in MGM Resorts International by 55.9% during the fourth quarter. Global Retirement Partners LLC now owns 784 shares of the company's stock worth $29,000 after purchasing an additional 281 shares during the period. Mather Group LLC. acquired a new stake in MGM Resorts International during the third quarter worth about $33,000. Elyxium Wealth LLC bought a new position in MGM Resorts International in the 4th quarter valued at about $42,000. Finally, City Holding Co. bought a new position in MGM Resorts International in the 4th quarter valued at about $44,000. 68.11% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting MGM Resorts International

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

• Positive Sentiment: Consolidated revenue beat — MGM posted record consolidated 1Q net revenue of $4.45B, topping Street revenue estimates and showing 4.2% YoY growth, driven by China and digital channels. MGM Resorts’s NYSE: MGM Q1 CY2026: Beats On Revenue
• Positive Sentiment: Strong performance at MGM China and BetMGM — MGM China reported double-digit revenue growth and higher Macau visitation; BetMGM North America also grew revenue and adj. EBITDA. These businesses are reducing MGM’s reliance on U.S. Strip recoveries. MGM China Reports 2026 First Quarter Results
• Positive Sentiment: Non-core asset monetization — MGM closed the sale of MGM Northfield Park operations for ~$546M in April, which improves near-term liquidity and de-risks the portfolio. MGM RESORTS INTERNATIONAL REPORTS FIRST QUARTER 2026 FINANCIAL AND OPERATING RESULTS
• Neutral Sentiment: Las Vegas revenue is back to YoY growth — Management said Las Vegas net revenue grew YoY for the first time since 3Q24, but underlying margin trends remain mixed. Watch margin recovery cadence closely. MGM (MGM) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Management commentary and slide deck available — Use the earnings call transcript and slide deck for details on capital allocation, digital growth cadence and any updated guidance. Q1 Slide Deck / Press Release
• Negative Sentiment: EPS miss and profit decline — MGM reported $0.49 EPS vs. ~$0.56–0.57 consensus and $0.69 a year ago; net income fell YoY, which is pressuring valuation multiple given the company’s leverage. MGM Resorts International Q1 Results Summary
• Negative Sentiment: Las Vegas EBITDA squeezed by higher expenses — Management said Las Vegas EBITDA declined in the quarter because of increased expenses (labor, promotions, and operating costs), raising near-term margin risk even as revenue improves. MGM Resorts International (MGM) Q1 2026 Earnings Call Highlights
• Negative Sentiment: Local operations/disruption risks — Food-court operator bankruptcy and the permanent closure of the MGM Grand buffet highlight shifting consumer spend patterns and could pressure F&B revenue and margins at Strip properties. MGM Resorts Faces Dining Shifts And Valuation Questions After Las Vegas Closures
• Negative Sentiment: Market reaction — Analysts and traders focused on the EPS miss and margin headwinds; coverage noted the stock dipped after the earnings release. MGM Shares Dip After Q1 Earnings — Here's Why

About MGM Resorts International

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.

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