Goldman cuts target to USD 30 for MGM Resorts stock

Published on 10/15/2026 at 22:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 4.45 billion, up 2.20 percent year over year. MGM Resorts stock costs EUR 26.22 on October 15, 2026 at 10:02 p.m. CEST.

Analyst view and operating scale

Goldman Sachs reduced its target to USD 30.00 on October 13, 2026.
MGM Resorts generated USD 4.45 billion in second-quarter 2026 revenue, up 2.20 percent year over year.
MGM Resorts stock costs EUR 26.22 at Lang & Schwarz on October 15, 2026 at 10:02 p.m. CEST.
MGM Resorts reports third-quarter 2026 results on October 28, 2026, with a P/E ratio of 17.87.

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Goldman Sachs lowered its MGM Resorts price target from USD 43.00 to USD 30.00 on October 13, 2026, while keeping a Sell rating, according to Markets Insider. The revised target is 1.76 percent above MGM Resorts' USD 29.48 NYSE quote on October 15, 2026 at 3:59 p.m. ET. At Lang & Schwarz, the stock stood at EUR 26.22 on October 15, 2026 at 10:02 p.m. CEST.

Second-quarter revenue grows

MGM Resorts reported USD 4.45 billion in revenue for the second quarter of 2026, up 2.20 percent from the same quarter a year earlier, according to MarketBeat. The same report said quarterly earnings per share reached USD 0.59, above the USD 0.56 consensus estimate. The revenue comparison is modest, while the earnings comparison points to a sharper focus on profitability.

Stock near its yearly low

The NYSE quote ranged from USD 29.10 to USD 29.76 on October 15, 2026, with 3,910,746 shares traded against an average volume of 3,370,417 shares. MGM Resorts' 52-week range was USD 28.72 to USD 51.59, placing the latest USD 29.48 quote 2.65 percent above the low and 42.86 percent below the high.

The company carried a market capitalization of USD 7.4 billion and a trailing P/E ratio of 17.87 on October 15, 2026. MGM Resorts operates casino, hotel and entertainment properties in the United States and Macau, with digital gaming provided through BetMGM.

Results date and peer comparison

Simply Wall St lists October 28, 2026 as MGM Resorts' next third-quarter reporting date. The date gives investors a defined checkpoint for testing revenue growth and earnings quality after the latest target reductions.

Comparison with peers

MGM Resorts: P/E 17.87, market capitalization USD 7.4 billion.
Wynn Resorts (Nasdaq, USD): plus 4.39 percent, P/E 18.47, market capitalization USD 7.9 billion.
Las Vegas Sands (NYSE, USD): plus 3.50 percent, P/E 14.91, market capitalization USD 24.8 billion.

Valuation remains the market question

The Goldman Sachs target of USD 30.00 sits only 1.76 percent above the latest NYSE quote, leaving the analyst view close to the current market level. The wider 52-week gap reflects how far the stock has moved from its yearly high, while the October 28 results date is the next company-specific test.

At Lang & Schwarz, MGM Resorts was trading at EUR 26.22 on October 15, 2026 at 10:02 p.m. CEST.

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