Mgm Resorts International (MGM) Stock Forecast Nov. 6, 2026

Our AI scores Mgm Resorts International every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.

Mgm Resorts International is a mid-cap company with a market capitalization of $8.18B. It ranks number 8 by market capitalization among the 26 Hotels & Motels issuers in our coverage with a current forecast. Its P/E Ratio of 11.35x is the lowest of the 16 peers that report one.

For MGM, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 43.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 42.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report

Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +3.1%, buy ≥ +1.5%, sell < -0.5%, strong sell < -1.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-11-06 signals)

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