MGM Resorts International (NYSE:MGM) Rating Increased to Strong-Buy at HSBC

MGM Resorts International (NYSE:MGM) was upgraded by research analysts at HSBC to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

MGM has been the subject of several other reports. Susquehanna boosted their price target on MGM Resorts International from $52.00 to $53.00 and gave the stock a “positive” rating in a research report on Wednesday. JPMorgan Chase & Co. raised their price objective on MGM Resorts International from $46.00 to $53.00 and gave the company an “overweight” rating in a research report on Friday, June 12th. Jefferies Financial Group reiterated a “hold” rating on shares of MGM Resorts International in a research note on Thursday, July 2nd. Barclays increased their price objective on MGM Resorts International from $39.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Finally, Wells Fargo & Company upgraded MGM Resorts International from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $33.00 to $48.30 in a research note on Tuesday, July 7th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $52.49.

MGM Resorts International Stock Performance

Shares of MGM stock opened at $45.66 on Thursday. The firm has a market cap of $11.68 billion, a price-to-earnings ratio of 27.67 and a beta of 1.29. MGM Resorts International has a 52-week low of $29.18 and a 52-week high of $51.59. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 1.93. The company’s 50 day moving average is $46.34 and its 200 day moving average is $39.95.

MGM Resorts International (NYSE:MGM) last posted its earnings results on Wednesday, July 29th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. The company had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.42 billion. MGM Resorts International had a return on equity of 23.37% and a net margin of 2.40%.MGM Resorts International’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.79 earnings per share. On average, sell-side analysts anticipate that MGM Resorts International will post 1.99 EPS for the current fiscal year.

Insider Buying and Selling at MGM Resorts International

In other news, Director Daniel J. Taylor sold 6,675 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $38.44, for a total value of $256,587.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 3.38% of the company’s stock.

Institutional Investors Weigh In On MGM Resorts International

A number of institutional investors and hedge funds have recently modified their holdings of the company. CYBER HORNET ETFs LLC acquired a new position in MGM Resorts International in the 2nd quarter worth approximately $25,000. Global Retirement Partners LLC increased its holdings in MGM Resorts International by 55.9% in the fourth quarter. Global Retirement Partners LLC now owns 784 shares of the company’s stock valued at $29,000 after buying an additional 281 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of MGM Resorts International during the 1st quarter worth about $30,000. Optiver Holding B.V. acquired a new stake in shares of MGM Resorts International during the 1st quarter valued at about $35,000. Finally, Elyxium Wealth LLC purchased a new position in shares of MGM Resorts International in the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 68.11% of the company’s stock.

Key Headlines Impacting MGM Resorts International

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

• Positive Sentiment: MGM reported record second-quarter consolidated revenue of approximately $4.45 billion, exceeding some analyst estimates near $4.42 billion. Las Vegas Strip revenue increased 3% to $2.2 billion, marking a second consecutive quarter of year-over-year growth and highlighting continued strength in the company’s core resorts. Casino Operator MGM Resorts Beats Quarterly Revenue Estimates on Las Vegas Strength
• Positive Sentiment: MGM Digital revenue rose 20% year over year. BetMGM’s iGaming growth offset relatively flat online sports-betting performance, supporting the company’s efforts to diversify beyond physical casinos. MGM’s iGaming Strength Offsets Flat Online Sports Betting in Q2 2026
• Positive Sentiment: MGM China reported record interim revenue and held a 15.9% Macau market share, indicating that the company continues to participate in Macau’s recovery. MGM China Reports 2026 Interim Financial Data
• Positive Sentiment: Susquehanna raised its price target to $53 from $52 while maintaining a positive rating, suggesting potential upside based on the company’s operating momentum. Susquehanna Adjusts Price Target on MGM Resorts International
• Neutral Sentiment: MGM’s reported EPS was $0.59, above some consensus estimates of $0.56 but below the $0.63 estimate cited by Zacks. EPS also declined from $0.79 a year earlier, creating a mixed earnings signal despite revenue growth. MGM Resorts Misses Q2 Earnings Estimates
• Negative Sentiment: China and regional operations faced margin pressure, offsetting part of the Las Vegas and digital gains. BetMGM’s flat online sports-betting results also limit the impact of its iGaming growth. MGM Resorts Q2 Earnings Miss Estimates
• Negative Sentiment: A proposed $48.30-per-share takeover offer could support valuation, but a law-firm investigation into the bid introduces uncertainty about deal terms and completion. MGM Investigation Into Proposed Offer

MGM Resorts International Company Profile

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.