MGM Resorts International (NYSE:MGM) Shares Gap Up Following Analyst Upgrade

MGM Resorts International (NYSE:MGM) shares gapped up prior to trading on Wednesday after Truist Financial upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $34.17, but opened at $38.19. MGM Resorts International shares last traded at $38.0920, with a volume of 1,767,435 shares trading hands.

Several other research firms also recently commented on MGM. Argus dropped their price objective on MGM Resorts International from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. UBS Group dropped their price target on MGM Resorts International from $39.00 to $37.00 and set a “neutral” rating on the stock in a research report on Monday, November 17th. Wells Fargo & Company increased their price target on MGM Resorts International from $29.00 to $31.00 and gave the stock an “underweight” rating in a research note on Friday, January 16th. Stifel Nicolaus set a $45.00 price objective on MGM Resorts International in a research note on Thursday, October 30th. Finally, Texas Capital raised shares of MGM Resorts International to a “strong-buy” rating in a report on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $43.85.

Insider Transactions at MGM Resorts International

In related news, major shareholder Iac Inc. bought 1,098,748 shares of the business’s stock in a transaction on Friday, December 5th. The stock was acquired at an average price of $36.30 per share, for a total transaction of $39,884,552.40. Following the purchase, the insider directly owned 65,822,350 shares in the company, valued at $2,389,351,305. This trade represents a 1.70% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.06% of the company’s stock.

More MGM Resorts International News

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

• Positive Sentiment: MGM reported stronger-than-expected Q4 results: revenue of $4.61B and EPS of $1.60, beating consensus and showing meaningful YoY profit improvement — a clear near-term fundamental positive. MGM Resorts International reports Q4 and FY2025 results
• Positive Sentiment: BetMGM is generating cash returns: the JV distributed $135M to MGM in 4Q25 and BetMGM reported strong FY2025 performance and an EBITDA inflection, supporting future cash distributions. This underpins MGM’s growth outlook and cash flow expectations. BetMGM FY2025 business update
• Positive Sentiment: Capital return and buybacks: MGM repurchased ~15M shares in 4Q and 37.5M in 2025, materially reducing float since 2021 — a catalyst for EPS accretion and shareholder value. MGM Resorts International reports Q4 and FY2025 results
• Positive Sentiment: MGM China reported all-time highs in revenue, adjusted EBITDA and market share for 2025, strengthening MGM’s Macau exposure and international revenue base. MGM China 2025 annual results
• Neutral Sentiment: Analyst activity: Truist upgraded MGM to strong-buy and some firms reiterated positive views (multiple buy/overweight ratings remain), but price targets are mixed (median ~$38). This provides analyst support but mixed conviction. Analyst upgrade coverage
• Neutral Sentiment: Corporate disclosures/timing: MGM pulled its earnings release forward and provided conference materials and a call — transparency that reduces short-term event risk. Earnings release date update
• Negative Sentiment: Operational headwinds in Las Vegas and macro/structural questions about brick‑and‑mortar gaming persist; coverage highlights risks as sports betting grows and shifts customer behavior. These dynamics could pressure Vegas cash flow and valuations. Article on sports betting vs brick-and-mortar impact
• Negative Sentiment: Insider selling and still-elevated leverage metrics noted in data summaries may weigh on sentiment; margin and net income improvement helped, but balance sheet and low net margin vs. enterprise leverage remain watch items. QuiverQuant earnings summary

Hedge Funds Weigh In On MGM Resorts International

A number of large investors have recently modified their holdings of MGM. CYBER HORNET ETFs LLC purchased a new stake in MGM Resorts International in the 2nd quarter worth approximately $25,000. Mendota Financial Group LLC bought a new position in shares of MGM Resorts International in the third quarter worth $27,000. Mather Group LLC. purchased a new stake in shares of MGM Resorts International in the third quarter worth $33,000. Elyxium Wealth LLC purchased a new stake in shares of MGM Resorts International in the fourth quarter worth $42,000. Finally, City Holding Co. bought a new stake in MGM Resorts International during the fourth quarter valued at $44,000. 68.11% of the stock is currently owned by institutional investors.

MGM Resorts International Stock Performance

The firm has a market capitalization of $9.91 billion, a PE ratio of 226.45 and a beta of 1.44. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 1.80. The company has a 50-day moving average of $35.57 and a 200 day moving average of $35.03.

MGM Resorts International (NYSE:MGM) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.97. MGM Resorts International had a return on equity of 17.23% and a net margin of 0.40%.The firm had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter last year, the company posted $0.45 EPS. Equities research analysts predict that MGM Resorts International will post 2.21 EPS for the current year.

About MGM Resorts International

MGM Resorts International is a leading global hospitality and entertainment company that develops, owns and operates destination resorts, hotels and casinos. Its properties feature integrated gaming floors alongside luxury accommodations, fine dining and retail outlets, live entertainment venues and convention facilities. The company also offers loyalty programs, sports betting and digital gaming experiences to enhance guest engagement and drive repeat visitation.

The company traces its heritage to the opening of the original MGM Grand Hotel & Casino on the Las Vegas Strip in 1973.