SeekingAlpha · Oct 31, 2026
MGM Resorts: Vegas Weakness Hurts Earnings, But Valuation Keeps Us Bullish
MGM faces Las Vegas pressure as China gains and BetMGM EBITDA surges.
NYSE · MGM
MGM Resorts International
Consumer Cyclical · Gambling, Resorts & Casinos
$29.96
Up+$1.13 (+3.92%)
Updated Nov 2, 2026, 1:10 AM
SID Score
4.0/10
Composite research score
Smart Money
62/100
Neutral
- Market cap
- 10.24B
- P/E ratio
- 146.44
- Dividend yield
- 0.00%
- 52-week range
- $26.71 – $51.59
- Volume
- 9.94M
- Avg. volume
- 4.94M
Price performance · MGM
MGM price history
1M range · 20 trading sessions · Daily adjusted prices
Prices through Oct 30, 2026
MGM closed at $29.96 after 20 trading sessions, down 0.70% for the selected period.
- Last close
- $29.96
- Period change
- -0.70%
- Period low
- $27.27
- Period high
- $30.54
Daily close
View OHLC price history
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Oct 30, 2026 | $28.83 | $29.97 | $28.38 | $29.96 | 9.94M |
| Oct 29, 2026 | $27.22 | $28.865 | $26.71 | $28.83 | 11.14M |
| Oct 28, 2026 | $28.50 | $28.80 | $27.20 | $27.27 | 8.34M |
| Oct 27, 2026 | $28.56 | $28.71 | $27.85 | $27.99 | 4.18M |
| Oct 26, 2026 | $28.30 | $28.77 | $28.23 | $28.54 | 5.15M |
| Oct 23, 2026 | $28.88 | $29.50 | $27.685 | $28.06 | 5.71M |
| Oct 22, 2026 | $28.84 | $29.705 | $28.72 | $29.50 | 5.38M |
| Oct 21, 2026 | $28.95 | $29.0899 | $28.61 | $28.87 | 3.71M |
| Oct 20, 2026 | $28.395 | $28.935 | $28.23 | $28.90 | 3.39M |
| Oct 19, 2026 | $28.30 | $29.25 | $27.935 | $28.47 | 4.63M |
| Oct 16, 2026 | $29.68 | $29.805 | $28.425 | $28.60 | 5.91M |
| Oct 15, 2026 | $29.25 | $29.76 | $29.10 | $29.48 | 4.76M |
| Oct 14, 2026 | $29.39 | $29.66 | $28.73 | $28.96 | 4.23M |
| Oct 13, 2026 | $29.49 | $29.79 | $29.085 | $29.40 | 3.69M |
| Oct 12, 2026 | $29.19 | $29.3499 | $28.72 | $29.32 | 4.8M |
| Oct 9, 2026 | $30.26 | $30.39 | $29.215 | $29.27 | 5.47M |
| Oct 8, 2026 | $29.80 | $30.42 | $29.602 | $30.01 | 5.34M |
| Oct 7, 2026 | $30.20 | $30.49 | $29.62 | $30.00 | 5.4M |
| Oct 6, 2026 | $30.49 | $31.00 | $30.34 | $30.54 | 4.24M |
| Oct 5, 2026 | $30.67 | $31.03 | $30.05 | $30.17 | 5.05M |
Latest MGM news
The latest Smart Investors Daily articles mentioning MGM.
Stock researchCompany · Overview
Company
Market Activity
Research & News
MGM research
Overview
Company profile and research snapshot.
Company profile
MGM Resorts is the largest resort operator on the Las Vegas Strip with 37,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 59% of total EBITDAR in 2024. MGM also owns US regional assets, which represented a low 20s share of 2024 EBITDAR (MGM's Macao EBITDAR was 21% of the total in 2024). MGM's US sports and i-gaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a second property that opened on the Cotai Strip in early 2018. We estimate MGM will open a resort in Japan in 2030.
Visit company websiteAnalyst outlook
Consensus and target data currently published for this company.
- Consensus
- —
- Average target
- $42.83
- Implied upside
- —
- Analysts
- —
| Date | Firm | Rating | Target |
|---|---|---|---|
| Oct 30, 2026 | Wells Fargo | Equal-Weight | — |
| Oct 29, 2026 | Stifel | Hold | — |
| Oct 29, 2026 | JP Morgan | Overweight | — |
| Oct 29, 2026 | Macquarie | Outperform | — |
| Oct 29, 2026 | Truist Securities | Buy | — |
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Yahoo · Oct 31, 2026
The top 5 analyst questions from MGM Resorts’s Q3 earnings call
MGM Resorts reported flat year-over-year sales for Q3 2026, aligned with Wall Street’s revenue forecasts, but delivered a notable shortfall on adjusted profitability. Management attributed the quarter’s mixed performance to strong casino activity, record slot revenues, and robust group and convention demand in Las Vegas, counterbalanced by weaker leisure travel and lower room rates. CEO Bill Hornbuckle described the operating environment as “notable” for macroeconomic headwinds, specifically hig
Benzinga · Oct 30, 2026
Wells Fargo Maintains Equal-Weight on MGM Resorts International, Lowers Price Target to $28
Wells Fargo analyst Trey Bowers maintains MGM Resorts International (NYSE:MGM) with a Equal-Weight and lowers the price target from $29 to $28.
Yahoo · Oct 29, 2026
Why MGM Resorts (MGM) stock is up today
Shares of hospitality and casino entertainment company MGM Resorts (NYSE:MGM) jumped 4.6% in the afternoon session after the company reported third quarter results, highlighted a rebound in October Las Vegas results, and amended its voting agreement with People Incorporated, clearing the way for further share repurchases. According to a company press release, MGM Resorts reported third-quarter consolidated revenue of $4.2 billion, down 1%. Consolidated adjusted EBITDA was $403 million, compared
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