MGM Resorts International (NYSE:MGM) Given New $40.00 Price Target at Truist Financial

MGM Resorts International (NYSE:MGM) had its price objective reduced by equities researchers at Truist Financial from $45.00 to $40.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial‘s target price suggests a potential upside of 44.02% from the stock’s current price.

Several other analysts have also recently weighed in on the company. Stifel Nicolaus cut their price objective on MGM Resorts International from $40.00 to $35.00 and set a “hold” rating on the stock in a research report on Thursday. The Goldman Sachs Group reissued a “sell” rating and issued a $26.00 target price on shares of MGM Resorts International in a research report on Thursday. UBS Group lowered their target price on MGM Resorts International from $50.00 to $46.00 and set a “neutral” rating for the company in a research note on Friday, September 11th. Zacks Research lowered MGM Resorts International from a “hold” rating to a “strong sell” rating in a research report on Friday, October 2nd. Finally, Citigroup reduced their price target on MGM Resorts International from $48.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, October 12th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $45.76.

MGM Resorts International Trading Up 1.8%

Shares of MGM traded up $0.50 during trading hours on Thursday, reaching $27.77. 3,606,361 shares of the company traded hands, compared to its average volume of 4,367,211. The company’s fifty day moving average price is $35.35 and its two-hundred day moving average price is $39.06. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 1.56 and a beta of 1.35. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 1.80. MGM Resorts International has a 12 month low of $26.71 and a 12 month high of $51.59.

MGM Resorts International (NYSE:MGM) last released its quarterly earnings results on Wednesday, October 28th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.15). MGM Resorts International had a return on equity of 23.30% and a net margin of 2.40%. The company had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the previous year, the company earned $0.24 earnings per share. MGM Resorts International’s quarterly revenue was down .9% on a year-over-year basis. Equities research analysts predict that MGM Resorts International will post 1.79 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in MGM Resorts International during the third quarter valued at about $1,434,000. ProShare Advisors LLC raised its stake in shares of MGM Resorts International by 52.7% in the third quarter. ProShare Advisors LLC now owns 62,344 shares of the company’s stock worth $1,936,000 after buying an additional 21,520 shares during the period. Vise Technologies Inc. raised its stake in shares of MGM Resorts International by 8.6% in the third quarter. Vise Technologies Inc. now owns 13,105 shares of the company’s stock worth $407,000 after buying an additional 1,033 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in shares of MGM Resorts International by 98.3% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 23,800 shares of the company’s stock worth $739,000 after buying an additional 11,800 shares during the period. Finally, Arena Capital Advisors LLC CA purchased a new position in shares of MGM Resorts International during the 3rd quarter valued at about $202,000. 68.11% of the stock is owned by hedge funds and other institutional investors.

MGM Resorts International News Summary

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

• Positive Sentiment: MGM China delivered record results. Revenue and adjusted EBITDA reached third-quarter records, while market share climbed to a historic 17.1%. Macau revenue increased about 5%, helping offset weakness in Las Vegas. MGM China Reports 2026 Third-Quarter Results
• Positive Sentiment: BetMGM continued to grow. Net revenue from operations rose 7% in the quarter, and MGM said North American venture distributions and branding license fees contributed $34 million. Las Vegas slot win also set a new resort record. MGM Resorts: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: The People Inc. takeover discussions have ended. MGM’s CEO said the company is “done” with deal talks. The amended voting agreement with People Inc. may reduce immediate takeover speculation, but it also removes a potential acquisition premium from the stock. MGM Resorts No Longer in Deal Talks With People Inc.
• Negative Sentiment: Third-quarter profitability missed expectations. MGM reported a loss of $0.11 per share versus the consensus estimate of $0.04 profit, compared with $0.24 earnings a year earlier. Revenue of $4.21 billion was essentially in line with estimates but declined 0.9% year over year. MGM Resorts Reports Third-Quarter 2026 Results
• Negative Sentiment: Las Vegas trends weakened. Lower room rates contributed to declines in Las Vegas revenue and earnings, raising concerns about domestic demand and near-term margins. MGM Resorts Las Vegas Revenue and Earnings Fall
• Negative Sentiment: Analysts lowered their targets. Stifel cut its target to $35 and assigned a Hold rating, while Truist reduced its target to $40 but maintained a Buy rating. The revisions reflect uncertainty following the earnings miss, despite implied upside from current levels.

MGM Resorts International Company Profile

MGM Resorts International is a global hospitality and entertainment company that develops, owns, and operates destination resorts featuring casinos, hotels, restaurants, entertainment venues, convention facilities, retail spaces, and nightlife offerings. Its portfolio includes well-known properties such as MGM Grand, Bellagio, ARIA, Mandalay Bay, and The Cosmopolitan of Las Vegas.

The company serves customers through properties in Las Vegas and other U.S. markets, including regional destinations in Michigan, Maryland, Massachusetts, Mississippi, New Jersey, New York, and Ohio.