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Stocks•13 April 2026•

1 min read

UBS Lowers MGM Resorts Price Target Citing Weak BetMGM Outlook

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Key Facts

1UBS lowered the price target for MGM Resorts from $40 to $39.

2The bank maintained a 'Neutral' rating on the stock despite the price target cut.

3The adjustment is due to softer-than-expected first-quarter performance from the BetMGM joint venture.

UBS has reduced its price target for MGM Resorts International (MGM) to $39 from the previous $40. The financial institution maintained its "Neutral" rating on the stock despite the downward revision. This adjustment follows softer-than-expected first-quarter performance from BetMGM, the company's digital gaming joint venture. Analysts pointed to weakening state-level data and a subsequent trimming of fiscal 2026 estimates as primary drivers for the cut. The move reflects cooling expectations for MGM's digital growth segment amid a highly competitive landscape. Investors remain focused on how the company will navigate these headwinds in its online gaming operations to sustain long-term growth.