EL7.AI
Stocks•22 July 2026•
1 min read

MGM Resorts Price Target Raised Ahead of Q2 Earnings and Acquisition Probe

Key Facts

1Morgan Stanley raised its price target for MGM to $43 while maintaining an 'Underweight' rating.
2MGM is projected to report a year-over-year decline in EPS to $0.62 in its Q2 results due on July 29, 2026.
3BFA Law is investigating a $48.30 per share acquisition bid by board member Barry Diller.

The recent adjustments in analyst valuations reflect a period of anticipation within the leisure and hospitality sector ahead of the quarterly earnings season. According to reports, Morgan Stanley has raised its price target for MGM Resorts to $43 while maintaining an 'Underweight' rating. This cautious stance is linked to projections of a year-over-year decline in earnings per share to $0.62 in the Q2 results scheduled for release on July 29, 2026.

Beyond operational performance, MGM is facing legal scrutiny as BFA Law investigates a $48.30 per share acquisition bid. The bid, submitted by board member Barry Diller, introduces a layer of uncertainty regarding the company's future ownership structure. These developments occur as markets seek greater clarity on growth sustainability amid the forecasted earnings dip.

Investors should watch July 29, 2026, as a critical catalyst for the official financial results which will dictate the stock's next move.