Barclays has downgraded MGM Resorts International (MGM) to Equal-Weight from Overweight as of December 16, 2025. The current price stands at $36.55, reflecting a market cap of $10.2 billion and a P/E ratio of 146.72.
This downgrade underscores increased caution regarding the company’s outlook. Concerns may stem from competitive pressures and market conditions that could affect MGM's performance. The holding company, headquartered in Las Vegas, operates a diverse portfolio of casino resorts, including iconic properties like Bellagio and MGM Grand Las Vegas.
MGM's upcoming earnings reports are anticipated on July 28, 2026, with estimates of $0.70 EPS and $4.5 billion in revenue, and April 28, 2026, projecting $0.71 EPS and $4.4 billion in revenue. Recent performance has been mixed; for instance, in Q3 2025, MGM reported an EPS of $0.24, falling short of estimates by 40.2%.
Analyst ratings, such as Barclays' recent downgrade, provide insights based on research and financial models. However, they should be viewed as one of many factors in investment decisions, alongside company fundamentals and market trends. Analyst opinions can vary and evolve as new information becomes available.