$36.40
1.27% day before yesterday
NYSE, Nov 01, 09:00 pm CET
ISIN
US5529531015
Symbol
MGM

MGM Resorts International Target price 2024 - Analyst rating & recommendation

MGM Resorts International Classifications & Recommendation:

Buy
79%
Hold
21%

MGM Resorts International Price Target

Target Price $51.00
Price $36.41
Potential
Number of Estimates 20
20 Analysts have issued a price target MGM Resorts International 2025 . The average MGM Resorts International target price is $51.00. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 24 analysts: 19 Analysts recommend MGM Resorts International to buy, 5 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the MGM Resorts International stock has an average upside potential 2025 of . Most analysts recommend the MGM Resorts International stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 16.16 17.20
23.13% 6.39%
EBITDA Margin 14.83% 27.13%
11.69% 82.94%
Net Margin 5.86% 4.09%
25.77% 30.19%

19 Analysts have issued a sales forecast MGM Resorts International 2024 . The average MGM Resorts International sales estimate is

$17.2b
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. This is
0.42% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$17.4b 0.47%
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, the lowest is
$17.0b 1.53%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $16.2b 23.13%
2024
$17.2b 6.39%
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2025
$17.2b 0.26%
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2026
$17.6b 2.36%
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2027
$17.7b 0.29%
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2028
$18.2b 2.79%
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10 Analysts have issued an MGM Resorts International EBITDA forecast 2024. The average MGM Resorts International EBITDA estimate is

$4.7b
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. This is
82.44% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$4.7b 85.53%
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, the lowest is
$4.6b 79.98%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $2.4b 8.74%
2024
$4.7b 94.60%
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2025
$4.7b 1.02%
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2026
$5.0b 6.83%
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EBITDA Margin

2023 14.83% 11.69%
2024
27.13% 82.94%
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2025
27.33% 0.74%
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2026
28.53% 4.39%
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11 MGM Resorts International Analysts have issued a net profit forecast 2024. The average MGM Resorts International net profit estimate is

$703m
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. This is
15.39% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$793m 4.64%
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, the lowest is
$579m 30.36%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $947m 8.60%
2024
$703m 25.74%
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2025
$746m 6.10%
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2026
$934m 25.12%
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2027
$1.5b 55.80%
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2028
$1.9b 32.86%
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Net Margin

2023 5.86% 25.77%
2024
4.09% 30.19%
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2025
4.33% 5.87%
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2026
5.29% 22.17%
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2027
8.22% 55.39%
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2028
10.62% 29.20%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 3.19 2.37
8.60% 25.71%
P/E 15.37
EV/Sales 2.38

11 Analysts have issued a MGM Resorts International forecast for earnings per share. The average MGM Resorts International <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$2.37
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. This is
15.36% lower
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$2.67 4.64%
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, the lowest is
$1.95 30.36%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $3.19 8.60%
2024
$2.37 25.71%
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2025
$2.51 5.91%
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2026
$3.15 25.50%
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2027
$4.90 55.56%
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2028
$6.51 32.86%
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P/E ratio

Current 13.02 60.90%
2024
15.37 18.05%
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2025
14.49 5.73%
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2026
11.58 20.08%
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2027
7.43 35.84%
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2028
5.59 24.76%
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Based on analysts' sales estimates for 2024, the MGM Resorts International stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 2.37 13.50%
2024
2.38 0.43%
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2025
2.37 0.26%
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2026
2.32 2.31%
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2027
2.31 0.29%
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2028
2.25 2.72%
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P/S ratio

Current 0.63 22.53%
2024
0.63 0.43%
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2025
0.63 0.27%
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2026
0.61 2.31%
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2027
0.61 0.29%
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2028
0.60 2.71%
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