Stifel keeps MGM Resorts at Hold and cuts price target to $35 from $40
Stifel kept its Hold rating on MGM Resorts International and lowered the price target to $35 from $40, according to TradingView.
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what happened
Stifel retained its Hold rating on MGM Resorts International and reduced its price target on the stock from $40 to $35, a cut of 12.5%, according to TradingView. The new target implies a 28.3% gain from the October 28 close of $27.27.
Across the five latest analyst notes on the company over the past 30 days, targets span $29 to $45. Recent entries include JP Morgan at Overweight with a $42 target, Truist Securities at Buy with $45, Morgan Stanley at Underweight with $29, and Wells Fargo at Equal-Weight with $29.
why it matters
A single analyst's target revision reflects one firm's view and rarely shifts the broader market. For investors following casino and resort operators, the spread of ratings shows how differently brokers currently assess the stock.
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sources
- Stifel maintains MGM Resorts International at Hold, lowers price target to $35 from $40 — TradingView, 29 October 2026 at 12:50 UTC
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