MGM Resorts stock price target raised to $34 by Goldman Sachs

NodeGuardian · 2026-02-20T02:06:52+00:00

Goldman Sachs raised MGM Resorts' price target to $34 but kept a Sell rating due to declining Las Vegas EBITDAR, while Stifel increased its target to $50 with a Buy rating, anticipating EBITDA growth on the Strip in late 2026.

NodeGuardian

2026-02-20 02:06:52

Abstract generation in progress

Goldman Sachs has raised its price target for MGM Resorts (NYSE:MGM) to $34.00, while maintaining a Sell rating, following the company’s recent pre-announcement and fourth-quarter results. Despite a positive performance from MGM China, underlying Las Vegas EBITDAR declined, leading Goldman Sachs to slightly increase its 2026 EBITDAR estimates but remain cautious on the Las Vegas leisure consumer segment. Meanwhile, Stifel has independently raised its price target for MGM to $50 with a Buy rating, citing potential EBITDA growth on the Las Vegas Strip in the latter half of 2026.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes