MGM Resorts International (MGM) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$38.11
Price Target
$39.71
Target Range
$30.00 — $50.00
Analyst Rating
Buy
Forward P/E22.1x
Trailing P/E50.1x
Forward PEG—
Implied Growth+144.1%
Median Target$39.00
Analyst Spread50.4%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$30
-21.3%
Consensus
$40
+4.2%
Bull Case
$50
+31.2%
MGM Price Target Analysis
Updated May 8, 2026As of May 8, 2026, MGM Resorts International (MGM) has a Wall Street consensus price target of $39.71, based on estimates from 36 covering analysts. With the stock currently trading at $38.11, this represents a potential upside of +4.2%. The company has a market capitalization of $9.75B.
Analyst price targets range from a low of $30.00 to a high of $50.00, representing a 50% spread in expectations. The median target of $39.00 aligns closely with the consensus average. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 17 analysts rating the stock as a Buy or Strong Buy,17 rating it Hold, and 2 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, MGM trades at a trailing P/E of 50.1x and forward P/E of 22.1x. Analysts expect EPS to grow +144.1% over the next year.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Consumer Cyclical stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+35.1%
Avg Forward P/E26.5x
Peers with Coverage10 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 LVSLas Vegas Sands Corp. | $35.7B | $53.78 | $69.70 | +29.6% | Buy | 16.2x | 49 |
 WYNNWynn Resorts, Limited | $11.1B | $106.85 | $143.00 | +33.8% | Buy | 20.8x | 45 |
 CZRCaesars Entertainment, Inc. | $5.7B | $27.78 | $30.57 | +10.0% | Buy | — | 30 |
 MLCOMelco Resorts & Entertainment Limited | $2.3B | $5.60 | $9.50 | +69.6% | Buy | 11.0x | 18 |
 BYDBoyd Gaming Corporation | $6.4B | $85.23 | $95.00 | +11.5% | Buy | 11.9x | 38 |
 PENNPENN Entertainment, Inc. | $2.2B | $16.77 | $19.88 | +18.5% | Buy | 23.0x | 47 |
 RRRRed Rock Resorts, Inc. | $3.2B | $53.74 | $71.44 | +32.9% | Buy | 17.4x | 30 |
 CHDNChurchill Downs Incorporated | $6.2B | $88.85 | $144.84 | +63.0% | Buy | 12.8x | 23 |
 MTNVail Resorts, Inc. | $4.5B | $125.28 | $169.50 | +35.3% | Buy | 26.4x | 48 |
 DKNGDraftKings Inc. | $12.5B | $25.22 | $36.88 | +46.2% | Buy | 99.1x | 48 |
Upside Potential Comparison
MLCOCHDNDKNGMTNWYNNRRRLVSPENNFull MGM Stock Analysis
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Start ComparisonMGM — Frequently Asked Questions
Quick answers to the most common questions about buying MGM stock.
What is the MGM stock price target for 2026?
The consensus price target for MGM is $39.71, close to the current price of $38.11 (4.2% implied move). Based on 36 analyst estimates, the stock appears fairly valued near current levels.
Is MGM a buy, sell, or hold?
MGM has a consensus rating of "Buy" based on 36 Wall Street analysts. The rating breakdown is mixed, with 17 Hold ratings making up the largest segment. The consensus 12-month price target of $39.71 implies 4.2% upside from current levels.
Is MGM stock overvalued or undervalued?
MGM trades at a forward P/E of 22.1043x, representing a moderate valuation. With analysts targeting $39.71 (4.2% implied move), the stock appears close to fair value.
How high can MGM stock go?
The most bullish Wall Street analyst has a price target of $50 for MGM, while the most conservative target is $30. The consensus of $39.71 represents the median expectation. These targets typically reflect 12-month expectations.
How many analysts cover MGM stock?
MGM is heavily covered by Wall Street, with 36 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 17 have Buy ratings, 17 recommend Hold, and 2 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the MGM stock forecast?
The 12-month MGM stock forecast based on 36 Wall Street analysts shows a consensus price target of $39.71, with estimates ranging from $30 (bear case) to $50 (bull case). The median consensus rating is "Buy".
What is MGM's forward P/E ratio?
MGM trades at a forward P/E ratio of 22.1x based on next-twelve-months earnings estimates compared to a trailing P/E of 50.1x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy MGM stock?
MGM appears fairly valued according to analysts, with a "Buy" rating and minimal upside to the $39.71 target. Consider your investment thesis and risk tolerance. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do MGM price targets vary so much?
MGM analyst price targets range from $30 to $50, a 50% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $39.71 consensus represents the middle ground.