MGM Resorts (MGM) stock forecast for 2023

The forecast has been updated: March 25, 2023 6:21


MGM Resorts stock price online today

Analyst Target Price

54.48

Dividend Date

15.12.2022

Ex Dividend Date

08.12.2022

Last Split Factor

Last Split Date

01.01.1970

Should you buy or sell MGM Resorts stock stock today? What is the projected target price level for 2023? How much will it cost in 2023? MGM Resorts stock Stock Monthly Prediction for January, February, March, April, May, July, July, August, September, October, November and December 2023.

We predict the dynamics of the stock market value using resonant artificial intelligence systems.

Technical, fundamental analyzes, news background, general geopolitical situation in the world and other factors are taken into account.

Forecasts are adjusted once a day taking into account the price change of the previous day.

To date, analysts have a $54.48 target price for MGM Resorts stock stock.

Today 200 Day Moving Average is the support level (35.47 $).

50 Day Moving Average is the support level (42.06 $).




MGM Forecast for 2023

Month Rate Forecast MIN Rate MAX Rate Volati-
lity, %
Apr 39.79 37.65 42.34 11.09 %
May 39.52 38.17 41.06 7.03 %
Jun 39.16 37.08 41.24 10.07 %
Jul 37.52 36.09 39.95 9.67 %
Aug 36.88 35.29 38.02 7.18 %
Sep 38.24 36.87 40.04 7.93 %
Oct 36.37 34.40 37.17 7.44 %
Nov 37.97 37.02 40.09 7.67 %
Dec 37.85 35.96 39.67 9.35 %

The forecasts table above shows the forecast values of the company's stock price for each month. The Rate Forecast column displays the Optimal Average Forecast Price. The MIN Rate column displays a pessimistic forecast for this month. “MAX Rate” is an optimistic forecast. The % Volatility column represents the approximate monthly volatility of MGM Resorts stock.


MGM Resorts overview

MGM Resorts Address

3600 LAS VEGAS BLVD S, LAS VEGAS, NV, US

Market Capitalization

15 188 957 000 $

EBITDA

1 766 891 000

PE Ratio

11.71

PEG Ratio

4.2

Dividend Per Share

0.01

Dividend Yield

0.0002

EPS

3.44

Quarterly Earnings Growth YOY

2.081

Quarterly Revenue Growth YOY

0.174

Trailing PE

11.71

Forward PE

51.55

EV To Revenue

3.382

EV To EBITDA

10.38

52 Week High

46.24

52 Week Low

26.41

50 Day Moving Average

42.06

200 Day Moving Average

35.47

Shares Outstanding

373913000

Shares Float

Shares Short Prior Month

Short Ratio

Percent Insiders

Percent Institutions

MGM Resorts stock forecast for this year


MGM Resorts stock forecast for Apr 2023.
Estimated Average Forecasted MGM Resorts Price: 39.79. Positive monthly dynamics of the instrument is expected with 11.090% volatility is expected.

Pessimistic forecast: 37.65

Optimistic: 42.34


MGM Resorts stock forecast for May 2023.
Estimated Average Forecasted MGM Resorts Price: 39.52. Negative monthly dynamics of the instrument is expected with 7.026% volatility is expected.

Pessimistic forecast: 38.17

Optimistic: 41.06


MGM Resorts stock forecast for Jun 2023.
Estimated Average Forecasted MGM Resorts Price: 39.16. Negative monthly dynamics of the instrument is expected with 10.066% volatility is expected.

Pessimistic forecast: 37.08

Optimistic: 41.24


MGM Resorts stock forecast for Jul 2023.
Estimated Average Forecasted MGM Resorts Price: 37.52. Negative monthly dynamics of the instrument is expected with 9.671% volatility is expected.

Pessimistic forecast: 36.09

Optimistic: 39.95


MGM Resorts stock forecast for Aug 2023.
Estimated Average Forecasted MGM Resorts Price: 36.88. Negative monthly dynamics of the instrument is expected with 7.178% volatility is expected.

Pessimistic forecast: 35.29

Optimistic: 38.02


MGM Resorts stock forecast for Sep 2023.
Estimated Average Forecasted MGM Resorts Price: 38.24. Positive monthly dynamics of the instrument is expected with 7.927% volatility is expected.

Pessimistic forecast: 36.87

Optimistic: 40.04


MGM Resorts stock forecast for Oct 2023.
Estimated Average Forecasted MGM Resorts Price: 36.37. Negative monthly dynamics of the instrument is expected with 7.436% volatility is expected.

Pessimistic forecast: 34.40

Optimistic: 37.17


MGM Resorts stock forecast for Nov 2023.
Estimated Average Forecasted MGM Resorts Price: 37.97. Positive monthly dynamics of the instrument is expected with 7.670% volatility is expected.

Pessimistic forecast: 37.02

Optimistic: 40.09


MGM Resorts stock forecast for Dec 2023.
Estimated Average Forecasted MGM Resorts Price: 37.85. Negative monthly dynamics of the instrument is expected with 9.351% volatility is expected.

Pessimistic forecast: 35.96

Optimistic: 39.67



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