Stifel Downgrades MGM Resorts International to Hold

Stifel has downgraded MGM Resorts International (NYSE:MGM) to a Hold rating, setting a price target of $49. This update came on June 15, 2026, as analyst Steven Wieczynski adjusted his outlook on the gaming and entertainment giant.

MGM Resorts International Stock Snapshot

Shares of NYSE:MGM traded near $48.97 after the downgrade. The company has a market cap of approximately $12.53 billion. With a P/E ratio of 67.08 and a forward P/E of 21.07, the stock shows substantial valuation metrics. Its beta of 1.311 indicates moderate volatility compared to the market. Over the past year, the stock has ranged between $29.19 and $51.59, with a 50-day moving average of $40.31 and a 200-day moving average of $36.34.

Recent Earnings

MGM Resorts reported revenue of $17.72 billion, reflecting a growth rate of 4.2%. The company's net margin stands at 1.03%, and it achieved a return on equity of 13.49%. The company's next earnings report is expected on July 29, 2026.

Insider Buying and Selling at MGM Resorts International

On May 22, 2026, insider Daniel Taylor sold 6,675 shares at an average price of $38.44. Earlier, on May 7, 2026, insiders including Ben Winston, Donna Langley, Keith Barr, Paul Salem, and Janet Swartz each acquired 6,298 shares at no cost.

Analysts Set New Price Targets

On June 15, 2026, Stifel downgraded MGM Resorts International to a Hold with a price target of $49. JP Morgan maintained a Hold rating with a $53 target on June 12, 2026, while UBS also maintained its Hold rating, setting a $50 price target on June 4, 2026. The consensus among analysts is a Buy recommendation, with a mean target price of $46.56 based on 18 opinions.

About MGM Resorts International

MGM Resorts International is a leading global gaming and entertainment company headquartered in Las Vegas, Nevada. It operates through segments including Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital. The company offers a wide range of amenities such as gaming, hotel, convention, dining, entertainment, and retail services. MGM also engages in online gaming and sports betting through BetMGM. Led by CEO William Joseph Hornbuckle IV, the company employs around 60,000 people worldwide.

Bottom Line

Stifel's recent downgrade of MGM Resorts International to a Hold rating reflects a cautious stance amid the company's current trading levels. With a market cap over $12 billion and a diverse portfolio of gaming and entertainment operations, MGM remains a significant player in its sector. Investors often track such analyst updates closely, though it's important to remember that these opinions are based on past and present data and may not predict future performance.