ALTSTATION.IO

MGM Resorts International (MGM) Stock Analysis

By Nova Skye | AltStation.io | Updated February 07, 2026

Price

$37.05

Change

+2.11%

Market Cap

$10.13B

Avg Volume

4.5M

Company Overview

MGM Resorts International is a major player in the gaming and entertainment industry, operating primarily out of Las Vegas. The company owns and manages casino resorts that offer a full range of services, including gaming, hotels, dining, entertainment, and retail. Its customers range from premium gaming clientele to leisure travelers and business groups attending conventions. Additionally, through its BetMGM platform, MGM also provides online gaming and sports betting options to a growing digital audience.

MGM is a market leader in the U.S. casino space, facing significant competition from companies like Caesars Entertainment, Wynn Resorts, and Las Vegas Sands. Its strong brand recognition and extensive portfolio of properties give it an edge, especially in the lucrative Las Vegas Strip market. However, it also operates in a highly competitive environment where reliance on tourism and economic fluctuations pose ongoing risks, particularly in the wake of the pandemic.

Currently, MGM is in a growth phase, driven by a resurgence in travel and tourism following pandemic-related slowdowns. The company has been focusing on expanding its digital gaming presence and enhancing its existing properties. Notable recent milestones include strategic partnerships to bolster BetMGM and plans for ongoing renovations to attract more visitors. This proactive approach positions MGM to capture a larger share of the market as consumer demand rebounds.

Key Financials

Market Cap

$10.13B

Revenue

$17.54B

EBITDA

$2.32B

Gross Margin

44.4%

Profit Margin

1.2%

Revenue Growth

5.1%

Total Cash

$2.06B

Total Debt

$31.19B

Free Cash Flow

N/A

52-Week Price Performance Analysis

Price Statistics

P/E Ratio

48.74

Forward P/E

14.40

Beta

1.40

52-Week High

$41.32

52-Week Low

$25.30

EPS

$0.76

50-Day Avg

$35.44

200-Day Avg

$34.58

Price/Book

3.94

Technical Analysis

Over the past 52 weeks, MGM Resorts International (MGM) has exhibited a moderately bullish trend, gaining 9.1% from a low around $25 to a recent high of approximately $42. The chart shows key support at $35, which has held multiple times over the year, suggesting it is a significant level for buyers. Resistance is evident around $40, where price action has consistently struggled to break through, creating potential ceilings for upward momentum. In recent weeks, the stock has shown strong momentum, particularly moving above its 50-day moving average, indicating a potential continuation of the uptrend. Currently priced at $37.05, MGM sits near the middle of its 52-week range, implying a balanced outlook where further movement could consolidate around this level before deciding on a breakout or retracement.

Recent News and Developments

Market Update

Here’s a summary of the latest news and developments for MGM Resorts International (MGM) stock in the past week (January 31, 2026 – February 7, 2026):

Market Update

### MGM Resorts Beats Q4 2025 Earnings and Revenue Estimates
MGM Resorts International announced strong financial results for the fourth quarter of 2025, surpassing analyst expectations for both earnings per share (EPS) and revenue. The company reported an EPS of $1.23, significantly higher than the analyst estimate of $0.61, and revenue of $4.61 billion, beating the consensus estimate of $4.42 bi

Market Update

### BetMGM Posts First Profitable Year and Optimistic 2026 Outlook
BetMGM, the online gaming joint venture between MGM Resorts and Entain, achieved its first profitable year in 2025, reporting $220 million in earnings before interest, taxes, depreciation, and amortization (EBITDA). The company also provided robust guidance for fiscal year 2026, projecting net revenue between $3.1 billion and $3.2

Market Sentiment and Analyst Recommendations

Bull Case

MGM just printed a 2x earnings beat with $1.23 EPS versus $0.61 expected, and BetMGM swung profitable in 2025 with $220 million EBITDA. The online gaming segment is projecting $3.1-3.2 billion revenue and $300-350 million EBITDA for 2026, which is real growth off a profitable base. The stock rallied 10.55% in five days because the market was underestimating the core casino business and completely mispricing the BetMGM turnaround. At 48.7x P/E the valuation looks expensive on the surface, but that’s misleading because BetMGM profitability wasn’t baked into prior year multiples. The $35 support level has held all year, and the stock is now above the 50-day moving average with 18 analysts rating buy. If MGM can sustain mid-single-digit revenue growth while BetMGM scales toward $350 million EBITDA, the $41.89 analyst target is conservative.

Bear Case

The debt load is crushing at $31.19 billion against $2.06 billion in cash, a 15x ratio that limits financial flexibility and leaves zero room for downturns. A P/E of 48.7x is objectively expensive even for a turnaround story, and you’re betting the market won’t reprice it if BetMGM hits a snag or growth stalls. Revenue growth is only 5.1% year-over-year, which is barely keeping pace with inflation in a mature gaming market. The $40 resistance level has repeatedly capped upside over the past year, suggesting institutional sellers are waiting at those levels. Casino operations remain cyclical and exposed to consumer spending weakness, and any recession would immediately pressure both the core business and the newly profitable BetMGM. The analyst target range is massive ($31-$62), which signals real disagreement on fair value.

What to Watch

Track Q1 2026 earnings in April for confirmation that the beat wasn’t a one-quarter anomaly and that BetMGM maintains momentum toward its $300-350 million EBITDA guidance. Watch whether MGM can decisively break through the $40 resistance level and hold it, because that would signal the uptrend is real and not just a relief rally. Monitor the debt-to-EBITDA ratio quarterly to see if cash generation is actually improving or if the company stays tethered to refinancing risk. BetMGM’s quarterly user acquisition costs and customer lifetime value metrics matter more than headline revenue now, since profitability can evaporate if they overspend to drive growth. If consumer spending data weakens or the Fed signals extended rate holds, watch how quickly the stock retreats to $35 support. Finally, any guidance miss or delay in BetMGM’s 2026 targets would likely trigger a sharp selloff given the stock’s recent momentum and elevated expectations.

Analyst Consensus

BUY

Based on 18 analyst opinions

Low Target

$31.00

Mean Target

$41.89

High Target

$62.00

Earnings and Financial Data

Sector

Consumer Cyclical

Industry

Resorts & Casinos

Employees

N/A

Earnings & Dividends

Next Earnings

Apr 29, 2026

EPS (Trailing)

$0.76

Dividend Yield

None

Payout Ratio

Frequently Asked Questions

Is MGM a good stock to buy?

Analysts recommend a BUY for MGM, with a target price of $41.89. The current price of $37.05 suggests a potential upside of about 13.5%. Given the strong buy rating, it’s worth considering for investors.

What is MGM’s price target?

The analyst price target for MGM is $41.89. This represents a 13.5% upside from the current price of $37.05, indicating positive expectations for the stock.

Does MGM pay a dividend?

MGM does not offer a dividend at this time. Investors seeking income from dividends will need to look elsewhere, but growth potential remains solid.

What is MGM’s P/E ratio?

MGM’s current P/E ratio is 48.74, while the forward P/E is significantly lower at 14.40. This suggests that, despite high current earnings multiples, future earnings may be more attractive.

How has MGM’s stock performed over the past year?

MGM’s stock has fluctuated between $25.30 and $41.32 over the past year. Currently priced at $37.05, the stock is sitting closer to its 52-week high, reflecting strong market performance.

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Disclaimer: This report is for informational purposes only and does not constitute financial advice. The analysis and opinions expressed are those of AltStation.io and should not be relied upon as the sole basis for investment decisions. Always conduct your own research and consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results. Updated February 07, 2026.