CapitalOne initiated coverage on MGM Resorts with a new price target
$MGM
Hotels/Resorts
Consumer Discretionary
CapitalOne initiated coverage of MGM Resorts with a rating of Overweight and set a new price target of $50.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/14/2025 | $50.00 | Hold → Buy | Argus |
| 2/3/2025 | Buy → Neutral | BTIG Research | |
| 7/3/2024 | $52.00 | Buy | BTIG Research |
| 5/2/2024 | $54.00 | Neutral → Positive | Susquehanna |
| 4/15/2024 | $56.00 | Buy | Seaport Research Partners |
| 3/26/2024 | $61.00 | Buy | Mizuho |
| 10/23/2023 | $49.00 | Buy | HSBC Securities |
| 10/12/2023 | $50.00 | Overweight | CapitalOne |
LAS VEGAS, May 8, 2025 /PRNewswire/ -- MGM Resorts International (NYSE:MGM) ("MGM Resorts" or the "Company") today announced that it has reached a new employment agreement with CEO & President Bill Hornbuckle through December 31, 2028. As part of his new employment contract, the Company has also agreed to offer Hornbuckle an advisory agreement at the end of the term to assist with its integrated resort project in Osaka, Japan until its opening. "Bill is an exceptional, visionary leader who successfully guided the company through the COVID-19 pandemic while also positioning the business for long-term growth through new digital ventures, strategic M&A opportunities, and expansion into new int
Sequential Growth in Adjusted EBITDA and Market Share HONG KONG, May 1, 2025 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the "Group") for the three months ended March 31, 2025 (the "Period"). The Group is pleased to see Macau's average daily visitor arrival in the first quarter up 12% quarter-to-quarter to 109,585, recovered to 95% of same period in 2019. Gross gaming revenue (GGR) in Macau also saw sequential growth. Headline daily GGR rose 3% quarter-to-quarter to MOP641 million per day in the first quarter, represented 76% of same period 2019. Ma
Record 1Q Las Vegas Strip occupancy and slot win, with slot win up 7% year over yearBetMGM venture reported significant revenue growth and a substantial year over year turn to positive EBITDA in 1Q 2025Repurchased 15 million shares in 1Q 2025, reducing shares outstanding by 43% since the beginning of 2021Board of Directors authorized a new $2 billion share repurchase programMGM Rewards program crossed 50 million members, a notable milestone reflecting the staying power of MGM Resort's iconic brandsLAS VEGAS, April 30, 2025 /PRNewswire/ -- MGM Resorts International (NYSE:MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter ended March 31, 2025.
New Marriott Bonvoy Tier Matching, Enriched Royal Caribbean and Celebrity Vacation Perks, Tier Celebrations and Rollover Tier Credits Highlight Exciting Program Enhancements Click here to download high-res photography LAS VEGAS, March 25, 2025 /PRNewswire/ -- MGM Rewards, MGM Resorts' loyalty program, is rolling out new industry-leading benefits for millions of members including the debut of Milestone Rewards to unlock more perks in between tiers, expanded tier match benefits with Marriott Bonvoy, enhanced benefits through Royal Caribbean, the launch of an eGift card, and coming soon, an iconic credit card.
More than 100 wounded warriors and their guests to visit Las Vegas over Veterans Day weekend LAS VEGAS, Nov. 4, 2024 /PRNewswire/ -- MGM Resorts International (NYSE:MGM) ("MGM Resorts" or the "Company") will host the United Service Organizations (USO) Experience: Salute to the Troops, honoring more than 100 active-duty service members who have been injured in the line of duty beginning Friday, November 8. Now in its 14th year, the five-day celebration will take place at Mandalay Bay Resort & Casino. In partnership with USO, American Airlines will fly these honored guests and t
Hospitality industry leader will more than double solar electricity access LAS VEGAS, Sept. 12, 2024 /PRNewswire/ -- MGM Resorts International (NYSE:MGM) ("MGM Resorts" or the "Company") is making a bold leap toward its ambitious sustainability goals, signing a power purchase agreement with Escape Solar LLC that will more than double its access to clean solar electricity—an extraordinary stride toward a greener future. The agreement will help propel the Company closer to its goal of procuring 100% renewable electricity in North America by 2030. Already a global leader in sustainability with the world's largest direct connect solar array in the hospitality industry, MGM Resorts currently use
4 - MGM Resorts International (0000789570) (Issuer)
4 - MGM Resorts International (0000789570) (Issuer)
4 - MGM Resorts International (0000789570) (Issuer)
SC 13G - MGM Resorts International (0000789570) (Subject)
SC 13G/A - MGM Resorts International (0000789570) (Subject)
SC 13G - MGM Resorts International (0000789570) (Subject)
4 - MGM Resorts International (0000789570) (Issuer)
4 - MGM Resorts International (0000789570) (Issuer)
4 - MGM Resorts International (0000789570) (Issuer)
Argus upgraded MGM Resorts from Hold to Buy and set a new price target of $50.00
BTIG Research downgraded MGM Resorts from Buy to Neutral
BTIG Research initiated coverage of MGM Resorts with a rating of Buy and set a new price target of $52.00
8-K - MGM Resorts International (0000789570) (Filer)
8-K - MGM Resorts International (0000789570) (Filer)
10-Q - MGM Resorts International (0000789570) (Filer)
Sequential Growth in Adjusted EBITDA and Market Share HONG KONG, May 1, 2025 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the "Group") for the three months ended March 31, 2025 (the "Period"). The Group is pleased to see Macau's average daily visitor arrival in the first quarter up 12% quarter-to-quarter to 109,585, recovered to 95% of same period in 2019. Gross gaming revenue (GGR) in Macau also saw sequential growth. Headline daily GGR rose 3% quarter-to-quarter to MOP641 million per day in the first quarter, represented 76% of same period 2019. Ma
Record 1Q Las Vegas Strip occupancy and slot win, with slot win up 7% year over yearBetMGM venture reported significant revenue growth and a substantial year over year turn to positive EBITDA in 1Q 2025Repurchased 15 million shares in 1Q 2025, reducing shares outstanding by 43% since the beginning of 2021Board of Directors authorized a new $2 billion share repurchase programMGM Rewards program crossed 50 million members, a notable milestone reflecting the staying power of MGM Resort's iconic brandsLAS VEGAS, April 30, 2025 /PRNewswire/ -- MGM Resorts International (NYSE:MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter ended March 31, 2025.
Strong start to 2025 affirms strategic approach and confidence of positive EBITDA in 2025 LAS VEGAS, April 28, 2025 /PRNewswire/ -- BetMGM LLC ("BetMGM"), one of the leading sports betting and iGaming operators across North America, jointly owned by MGM Resorts International (NYSE:MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain"), is today providing an update on its 1Q 2025 performance. BetMGM's strong momentum from 2H 2024 continued during 1Q 2025, driven by its leading iGaming offering and strengthened sports product, and refined approach to player management1Q Net