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

MGM Resorts International (NYSE:MGM) had its target price increased by The Goldman Sachs Group from $34.00 to $38.00 in a research report issued to clients and investors on Thursday, Marketbeat reports. The firm presently has a “sell” rating on the stock. The Goldman Sachs Group’s target price would suggest a potential downside of 1.49% from the company’s current price.

A number of other research analysts have also recently weighed in on the stock. KeyCorp raised shares of MGM Resorts International from a “sector weight” rating to an “overweight” rating and set a $117.00 price objective for the company in a report on Monday, April 27th. Morgan Stanley lifted their price objective on shares of MGM Resorts International from $34.00 to $35.00 and gave the company an “underweight” rating in a report on Wednesday, April 8th. 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 report on Friday, February 6th. Stifel Nicolaus cut their price objective on shares of MGM Resorts International from $50.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Finally, Texas Capital raised shares of MGM Resorts International to a “strong-buy” rating in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $47.12.

MGM Resorts International Trading Down 0.9%

Shares of MGM Resorts International stock opened at $38.58 on Thursday. MGM Resorts International has a 1 year low of $29.18 and a 1 year high of $40.94. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.33 and a quick ratio of 1.20. The firm has a fifty day moving average price of $37.14 and a 200 day moving average price of $35.38. The stock has a market cap of $9.87 billion, a PE ratio of 53.58 and a beta of 1.28.

MGM Resorts International (NYSE:MGM) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.07). MGM Resorts International had a net margin of 1.03% and a return on equity of 24.43%. The firm had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.37 billion. During the same period in the previous year, the firm posted $0.69 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts predict that MGM Resorts International will post 2.03 earnings per share for the current year.

Insider Activity at MGM Resorts International

In other MGM Resorts International news, major shareholder Iac Inc. bought 450,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 24th. The shares were purchased at an average cost of $37.13 per share, with a total value of $16,708,500.00. Following the purchase, the insider directly owned 66,822,350 shares in the company, valued at approximately $2,481,113,855.50. This represents a 0.68% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Keith A. Meister sold 37,500 shares of the business’s 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 transaction, the director owned 5,347,978 shares of the company’s stock, valued at $183,275,206.06. This trade represents a 0.70% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.38% of the stock is owned by corporate insiders.

Institutional Trading of MGM Resorts International

A number of large investors have recently bought and sold shares of MGM. Whittier Trust Co. increased its holdings in shares of MGM Resorts International by 2.5% in the 1st quarter. Whittier Trust Co. now owns 10,778 shares of the company’s stock valued at $405,000 after purchasing an additional 262 shares in the last quarter. Global Retirement Partners LLC raised its holdings in MGM Resorts International by 55.9% in the fourth quarter. Global Retirement Partners LLC now owns 784 shares of the company’s stock valued at $29,000 after buying an additional 281 shares during the period. Asset Management One Co. Ltd. raised its holdings in MGM Resorts International by 4.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 7,700 shares of the company’s stock valued at $286,000 after buying an additional 313 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in MGM Resorts International by 0.8% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 39,763 shares of the company’s stock valued at $1,378,000 after buying an additional 328 shares during the period. Finally, Brown Brothers Harriman & Co. raised its holdings in MGM Resorts International by 23.1% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,893 shares of the company’s stock valued at $69,000 after buying an additional 355 shares during the period. Institutional investors and hedge funds own 68.11% of the company’s stock.

Trending Headlines about MGM Resorts International

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

• Positive Sentiment: Q1 revenue beat and record net revenues driven by digital and China growth — company reported $4.45B in revenue (+4.2% Y/Y) with management citing digital and China as growth engines. MGM Q1 Earnings (Yahoo)
• Positive Sentiment: MGM China strong quarterly results and Macau recovery — MGM China reported double-digit revenue growth and higher visitor arrivals, supporting the group’s Asia exposure. MGM China Q1 (PR Newswire)
• Positive Sentiment: Las Vegas momentum: management highlighted stronger convention bookings and first-year-on-year Las Vegas net revenue growth in Q1 after tough comparables. Las Vegas uptick (HotelDive)
• Neutral Sentiment: Mixed analyst actions — several houses adjusted targets and ratings (Goldman raised PT but kept a sell, JPMorgan and Citi trimmed PTs but kept neutral, Truist lifted its PT to $42). These conflicting signals create uneven analyst guidance. Analyst moves (MarketScreener)
• Neutral Sentiment: Earnings-call tone: management said growth engines “beat headwinds” but also flagged cost pressures; investors must judge sustainability of revenue mix versus margin headwinds. Earnings call recap (TipRanks)
• Negative Sentiment: EPS miss and margin pressure — non-GAAP EPS of $0.49 missed consensus (~$0.56), and EBITDA in Las Vegas declined due to higher costs, which pressured the stock. Earnings details (Yahoo)
• Negative Sentiment: Jefferies downgraded MGM to Hold (from Buy), cutting its PT to $44 and citing concerns about the company’s capital structure and limited near-term growth — a clear negative that likely influenced selling. Jefferies downgrade (Yahoo/Investing)
• Negative Sentiment: Ongoing leverage and margin uncertainty — analysts and investors remain focused on debt levels (debt/equity ~1.9) and whether free cash flow will improve fast enough to justify higher valuations. Q1 metrics (Yahoo)

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.