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Analysts Raise MGM Price Targets, Average Rating Turns Moderate Buy

MGM Resorts logoMGM Resorts
Sig1.15Sen+1.65Env0.00Soc0.00Gov0.00

Broker reports over the past year show an average 12-month price target of $53.3706 for MGM Resorts and a “Moderate Buy” stance. Truist upgraded MGM to buy and lifted its target from $42.00 to $55.00, while Jefferies and Stifel kept hold ratings with targets of $49.00. The quarter posted $4.45B revenue versus $4.42B expected, with projected 1.96 EPS for the fiscal year.

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