MGM Resorts average price target trimmed to $42, consensus implies 54% upside
Based on 19 analysts, MGM Resorts' average price target slipped from $42.42 to $42. Data from TradingView citing FactSet, as of October 28.
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what happened
The average 12-month price target for MGM Resorts International stock fell from $42.42 to $42, according to TradingView, which cites FactSet data. Forecasts from 19 analysts range from $29 to $57 per share.
Based on the October 28 closing price, the updated target implies roughly 54% potential upside. The consensus rating stays at Buy: of 27 analysts covering the stock, 12 rate it Buy, 13 Hold and 2 Sell.
why it matters
An average price target is a blend of analyst estimates, not a forecast of where the shares will trade. A small trim while the consensus stays positive usually reflects revisions in individual models rather than a sharp change in how the market views the company.
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sources
- MGM Resorts International Stock 12‑Month Price Target Cut to $42, Implies 54% Upside — TradingView, 29 October 2026 at 07:20 UTC
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