MGM Resorts Hits New 12-Month High on Analyst Upgrade

Shares of MGM Resorts International (NYSE:MGM) reach a new 52-week high following a price target increase from JPMorgan Chase & Co.

Apr. 17, 2026 at 3:37pm

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Shares of MGM Resorts International (NYSE:MGM) reached a new 52-week high on Friday after JPMorgan Chase & Co. raised their price target on the stock from $41.00 to $42.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. The stock traded as high as $40.20 before closing at $39.33 with a trading volume of 1,427,610 shares.

Why it matters

The analyst upgrade and new 52-week high for MGM Resorts' stock price indicates growing investor confidence in the company's financial performance and future growth prospects, despite the ongoing challenges facing the hospitality and gaming industry.

The details

JPMorgan Chase & Co. raised their price target on MGM Resorts International from $41.00 to $42.00 while maintaining a neutral rating on the stock. Several other equity analysts have also recently issued reports on MGM, with Citigroup raising their price target from $35.00 to $41.00 and giving the stock a neutral rating. Barclays set a $37.00 price target, Truist Financial boosted their target to $39.00 while giving the stock a hold rating, and UBS Group dropped their target to $39.00.

  • MGM Resorts International's stock price hit a new 52-week high on Friday, April 17, 2026.

The players

JPMorgan Chase & Co.

A multinational investment bank and financial services company that currently has a neutral rating and $42.00 price target on MGM Resorts International's stock.

Citigroup

A multinational investment bank that raised its price target on MGM Resorts International from $35.00 to $41.00 and maintained a neutral rating.

Barclays

A multinational investment bank that set a $37.00 price target on MGM Resorts International's stock.

Truist Financial

A financial services company that boosted its price target on MGM Resorts International to $39.00 while maintaining a hold rating.

UBS Group

A global financial services firm that dropped its price target on MGM Resorts International to $39.00.

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The takeaway

The new 52-week high for MGM Resorts International's stock price reflects growing investor optimism about the company's financial outlook, despite the ongoing challenges facing the hospitality and gaming industry. The analyst upgrades and price target increases suggest that Wall Street sees potential for further upside in MGM's share price.