MGM Resorts International (MGM)

• Market cap: $9.4B
• 1 day: -2.24%
• 5 days: -5.73%
• 1 month: -2.4%
• 3 months: 4.25%
• 6 months: 11.49%
• Year to date: 2.64%
• 1 year: -3.76%
• 5 years: 49.83%
• 10 years: 64.52%
• Sector: Consumer Discretionary
• Industry: Resorts & Casinos

About: 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 new property that opened on the Cotai Strip in early 2018. We estimate MGM will open a resort in Japan in 2030.

Employees: 78,000

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

21% more capital invested

Capital invested by funds: $5.47B [Q1] → $6.64B (+$1.17B) [Q2]

11% more funds holding in top 10

Funds holding in top 10: 9 [Q1] → 10 (+1) [Q2]

6.27% more ownership

Funds ownership: 64.67% [Q1] → 70.94% (+6.27%) [Q2]

10% more first-time investments, than exits

New positions opened: 91 | Existing positions closed: 83

0% less funds holding

Funds holding: 615 [Q1] → 614 (-1) [Q2]

14% less call options, than puts

Call options by funds: $249M | Put options by funds: $289M

30% less repeat investments, than reductions

Existing positions increased: 179 | Existing positions reduced: 257

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $34
• Avg. target: $47
• High target: $60

10 analyst ratings

• positive: 6 60%
• neutral: 3 30%
• negative: 1 10%

UBS Robin Farley	$39	Neutral Maintained	11 Sep 2025
Morgan Stanley Stephen Grambling	$43	Equal-Weight Maintained	11 Sep 2025
Mizuho Ben Chaiken	$58	Outperform Maintained	31 Jul 2025
Stifel Steven Wieczynski	$50	Buy Maintained	31 Jul 2025
Susquehanna Joseph Stauff	$60	Positive Maintained	29 Jul 2025