The Goldman Sachs Group Forecasts Strong Price Appreciation for MGM Resorts International (NYSE:MGM) Stock

Key Points

• Goldman Sachs raised its price target on MGM to $38 from $34 but kept a sell rating, a target that implies roughly a 3.5% downside from the prior close.
• MGM missed Q1 EPS ($0.49 vs. ~$0.57 est.) but topped revenue expectations at $4.45B; strength from MGM China and BetMGM plus a ~$546M non‑core asset sale helped liquidity even as Las Vegas margins were squeezed by higher expenses.
• The street is mixed overall — the consensus analyst rating is Hold with a $47.31 average price target — the stock trades near $39, and institutional investors own about 68% of shares.

MGM Resorts International (NYSE:MGM - Get Free Report) had its price target increased by equities researchers at The Goldman Sachs Group from $34.00 to $38.00 in a report released on Thursday,MarketScreener reports. The firm presently has a "sell" rating on the stock. The Goldman Sachs Group's price target would indicate a potential downside of 3.45% from the company's previous close.

MGM has been the topic of a number of other research reports. Texas Capital upgraded shares of MGM Resorts International to a "strong-buy" rating in a research note on Thursday, January 8th. Capital One Financial lifted their price target on MGM Resorts International from $46.00 to $51.00 and gave the stock an "overweight" rating in a research note on Friday, April 17th. Citigroup lowered their price objective on MGM Resorts International from $41.00 to $40.00 and set a "neutral" rating for the company in a report on Thursday. KeyCorp raised MGM Resorts International from a "sector weight" rating to an "overweight" rating and set a $117.00 target price on the stock in a report on Monday. Finally, Morgan Stanley lifted their target price on MGM Resorts International from $34.00 to $35.00 and gave the stock an "underweight" rating in a research report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $47.31.

MGM Resorts International Stock Performance

Shares of MGM opened at $39.36 on Thursday. The firm has a market cap of $10.07 billion, a price-to-earnings ratio of 52.80 and a beta of 1.35. The company has a quick ratio of 1.20, a current ratio of 1.23 and a debt-to-equity ratio of 1.91. The business's 50 day moving average is $37.10 and its two-hundred day moving average is $35.36. MGM Resorts International has a 52-week low of $29.18 and a 52-week high of $40.94.

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

Insider Transactions at MGM Resorts International

In other MGM Resorts International news, major shareholder Iac Inc. acquired 450,000 shares of MGM Resorts International stock in a transaction dated Tuesday, March 24th. The stock was acquired at an average cost of $37.13 per share, for a total transaction of $16,708,500.00. Following the completion of the transaction, the insider owned 66,822,350 shares in the company, valued at approximately $2,481,113,855.50. This represents a 0.68% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Keith A. Meister sold 37,500 shares of the firm's stock in a transaction that occurred 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 owned 5,347,978 shares in the company, valued at approximately $183,275,206.06. This represents a 0.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.38% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MGM Resorts International

Several institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in MGM Resorts International by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,652 shares of the company's stock valued at $582,000 after buying an additional 951 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of MGM Resorts International by 12.1% in the first quarter. NewEdge Advisors LLC now owns 3,893 shares of the company's stock valued at $115,000 after acquiring an additional 421 shares in the last quarter. Woodline Partners LP increased its stake in shares of MGM Resorts International by 39.1% during the first quarter. Woodline Partners LP now owns 18,901 shares of the company's stock valued at $560,000 after acquiring an additional 5,312 shares during the period. EverSource Wealth Advisors LLC raised its holdings in MGM Resorts International by 57.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,248 shares of the company's stock worth $112,000 after purchasing an additional 1,182 shares in the last quarter. Finally, Jump Financial LLC lifted its position in MGM Resorts International by 221.9% in the second quarter. Jump Financial LLC now owns 26,782 shares of the company's stock worth $921,000 after purchasing an additional 18,463 shares during the period. Institutional investors and hedge funds own 68.11% of the company's stock.

MGM Resorts International News Summary

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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