Barclays cuts target to USD 37.00 for MGM Resorts stock

Published on 10/17/2026 at 19:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 4.45 billion in the second quarter of 2026. MGM Resorts stock last stood at EUR 25.53 on October 16, 2026.

Analyst view and market position

Barclays cut its MGM Resorts target from USD 48.00 to USD 37.00 on October 9, 2026.
MGM Resorts reported USD 4.45 billion in second-quarter revenue on July 29, 2026.
MGM Resorts stock last stood at EUR 25.53 at Lang & Schwarz on October 16, 2026 at 11:00 p.m. CEST.
MGM Resorts had a USD 7.2 billion market capitalization as of October 16, 2026.

Isometrische Illustration von Hotel, Casino, Kongresszentrum und Arena verbunden — Isometrisches 3D-Diagramm der Resort-Wertschöpfungskette erklärt MGM Resorts ISIN US5529531015 im Sektor Hotellerie und Unterhaltung übersichtlich, Illustration mit AI erstellt.

Barclays cut its price target for MGM Resorts from USD 48.00 to USD 37.00 on October 9, 2026, while maintaining an Equal Weight rating, according to MarketBeat. Against the latest USD 28.60 price available for the NYSE listing on October 16, 2026 at 4:00 p.m. ET, the revised target stood 29.37 percent above the stock.

MGM Resorts last stood at EUR 25.53 at Lang & Schwarz on October 16, 2026 at 11:00 p.m. CEST. The quote is dated to the last completed trading day because October 17, 2026 is outside the regular German exchange calendar.

Second-quarter revenue reached USD 4.45 billion

MGM Resorts generated USD 4.45 billion in revenue in the second quarter of 2026, compared with USD 4.42 billion expected by analysts, according to MarketBeat. Adjusted earnings per share reached USD 0.59 against a USD 0.56 consensus estimate for the same quarter.

The finance figures show a sharp difference between revenue and profit momentum. Net income attributable to common shareholders was USD 292.4 million in the second quarter of 2026, while operating cash flow reached USD 558.8 million in that period.

Price position remains near the yearly low

The NYSE listing last stood at USD 28.60 on October 16, 2026 at 4:00 p.m. ET. Its 52-week range was USD 28.43 to USD 51.59, placing the latest price 44.58 percent below the high and 0.60 percent above the low.

Trading volume reached 5,708,397 shares on October 16, 2026, against an average volume of 3,474,490 shares. The latest market capitalization was USD 7.2 billion, and the price-to-earnings ratio was 17.33.

Comparison with peers

MGM Resorts: minus 2.99 percent, P/E 17.33, market capitalization USD 7.2 billion.

Caesars Entertainment (Nasdaq, USD): minus 1.54 percent, P/E minus 12.63, market capitalization USD 5.9 billion.

Wynn Resorts (Nasdaq, USD): minus 1.78 percent, P/E 18.13, market capitalization USD 7.8 billion.

Trading context for MGM Resorts

The analyst target cut and the valuation figures give investors two distinct reference points. Revenue exceeded the cited consensus by USD 30.0 million in the second quarter, while the stock remained only USD 0.17 above its 52-week low in the latest NYSE session.

MGM Resorts operates casino, hotel, dining, entertainment and online gaming businesses across the United States and Macau. Its listed shares trade on the NYSE under the ticker MGM.

The further course of trading is shown by the continuously updated real-time quote of MGM Resorts stock.