MGM Resorts International (NYSE:MGM) Price Target Raised to $42.00

MGM Resorts International (NYSE:MGM) had its target price increased by JPMorgan Chase & Co. from $41.00 to $42.00 in a research report sent to investors on Thursday morning, Marketbeat reports. They currently have a neutral rating on the stock.

A number of other analysts have also issued reports on MGM. Texas Capital upgraded MGM Resorts International to a “strong-buy” rating in a research note on Thursday, January 8th. Barclays set a $37.00 price objective on MGM Resorts International in a research note on Friday, February 6th. Stifel Nicolaus decreased their price objective on MGM Resorts International from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Truist Financial boosted their price objective on MGM Resorts International from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Friday, February 6th. Finally, Berenberg Bank reiterated a “buy” rating on shares of MGM Resorts International in a research note on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $42.13.

MGM Resorts International Stock Performance

Shares of MGM opened at $38.58 on Thursday. The firm has a market cap of $9.87 billion, a PE ratio of 51.44 and a beta of 1.35. The stock’s fifty day moving average price is $36.49 and its two-hundred day moving average price is $35.01. 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 has a 1 year low of $28.51 and a 1 year high of $40.20.

MGM Resorts International (NYSE:MGM) last issued its earnings results on Wednesday, February 4th. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.96. MGM Resorts International had a return on equity of 26.04% and a net margin of 1.17%.The firm had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same period in the previous year, the company posted $0.45 earnings per share. On average, equities research analysts forecast that MGM Resorts International will post 2.21 EPS for the current year.

Insider Transactions at MGM Resorts International

In other MGM Resorts International news, major shareholder Iac Inc. bought 550,000 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were acquired at an average cost of $37.30 per share, for a total transaction of $20,515,000.00. Following the purchase, the insider directly owned 66,372,350 shares of the company’s stock, valued at $2,475,688,655. The trade was a 0.84% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Keith A. Meister sold 37,500 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $34.27, for a total value of $1,285,125.00. Following the completion of the transaction, the director owned 5,347,978 shares in the company, valued at $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.

Hedge Funds Weigh In On MGM Resorts International

A number of institutional investors have recently added to or reduced their stakes in MGM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 worth $582,000 after acquiring an additional 951 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of MGM Resorts International by 12.1% in the 1st quarter. NewEdge Advisors LLC now owns 3,893 shares of the company’s stock worth $115,000 after purchasing an additional 421 shares in the last quarter. Woodline Partners LP boosted its holdings in shares of MGM Resorts International by 39.1% in the 1st quarter. Woodline Partners LP now owns 18,901 shares of the company’s stock worth $560,000 after purchasing an additional 5,312 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of MGM Resorts International by 57.2% in the 2nd 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 boosted its holdings in shares of MGM Resorts International by 221.9% in the 2nd quarter. Jump Financial LLC now owns 26,782 shares of the company’s stock worth $921,000 after purchasing an additional 18,463 shares in the last quarter. 68.11% of the stock is currently owned by institutional investors.

Key MGM Resorts International News

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

• Positive Sentiment: MGM reached a new 52‑week high, signaling continued investor confidence after recent earnings beats and steady demand trends for leisure and casino activity. MGM stock hits 52-week high at 40.17 USD
• Positive Sentiment: JPMorgan raised its price target on MGM to $42 (from $41) — a modest lift that supports upside expectations even as the firm kept a “neutral” rating. This can buoy sentiment among investors seeking near‑term appreciation. MGM Resorts International (NYSE:MGM) Price Target Raised to $42.00 at JPMorgan Chase & Co.
• Positive Sentiment: CEO Bill Hornbuckle reported meeting China’s vice premier to discuss bilateral tourism — a potential positive for future inbound travel and VIP/wholesale business if it leads to increased Chinese visitation or partnerships. MGM’s Bill Hornbuckle says he met China vice premier He Lifeng in Beijing amid talks on bilateral tourism
• Neutral Sentiment: General market/sector commentary (e.g., IAC coverage) mentioned in feeds is not directly material to MGM but can influence sentiment in leisure/online travel peers. IAC Inc. Has Surged Over 25% In Six Months, Here Is Why?
• Negative Sentiment: Class‑action settlement approval hearings are underway in Canada (British Columbia and Québec) covering a 2019 data incident and a 2023 incident; proposed settlements could lead to multimillion‑dollar payouts and ongoing reputational/legal costs. This is the primary near‑term legal overhang. MGM – CLASS ACTION ARISING OUT OF A 2019 CONFIDENTIALITY INCIDENT INVOLVING PERSONAL INFORMATION
• Negative Sentiment: Coverage notes Canadians could receive up to CAD$20,000 each under the proposed settlement, highlighting direct cash exposure and potential consumer backlash in a key market. Canadians could get up to $20K in multimillion-dollar data breach settlement

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.