Truist Securities Cuts MGM Price Target to $45

Truist Securities kept its positive stance on MGM Resorts International (NYSE: MGM) on October 20, 2026, maintaining a Buy rating while lowering its price target from $55 to $45. The research note arrived as part of a busy week of Wall Street updates for the hospitality and gaming firm. MGM closed at $28.90 on the day of the rating change. Recent trades place the stock around $29.04.

MGM MGM Resorts International

$29.16 ▼ -20.09% year to date

1M 3M YTD

Daily close · Oct 22, 2026

Truist Securities' Call on MGM Resorts

In its October 20, 2026 update, Truist Securities kept a Buy rating on the casino operator. The firm adjusted its expected path for the shares, lowering its price target to $45 from $55. Truist remains positive on the business even as several peers reset their targets lower.

Other Institutional Activity in MGM Resorts

Large investment firms adjusted their holdings leading into the autumn months. Davis Selected Advisers trimmed its stake by 391,141 shares, ending with 23,903,317 shares valued at about $695,586,533. Starlite Capital Inc grew its holdings by 4,665,208 shares, ending with 9,330,416 shares worth about $271,515,109. Corvex Management LP held its position steady, keeping 5,347,978 shares valued at about $155,626,161.

MGM Resorts International Stock Up 0.5%

MGM Resorts shares traded near $29.04 as of October 22, 2026, sitting up about 0.5% from the $28.90 close on October 20. The stock changes hands well below its 50-day moving average of $36.91 and its 200-day moving average of $39.26. Shares rest near the lower end of their 52-week range, which spans from a low of $27.94 to a high of $51.59. The company holds a market capitalization of roughly $7.39 billion and a trailing price-to-earnings ratio of 17.82.

Recent Earnings

For the trailing twelve months, MGM Resorts reported $17,761,441,792 in revenue, alongside basic earnings of $1.62 per share. The company posted a net profit margin of 2.4% and a return on equity of 18.9%, with year-over-year revenue growth of 1.0%. Investors look toward the next earnings release scheduled for October 28, 2026.

Insider Buying and Selling at MGM Resorts International

Director Daniel J Taylor completed a sale on May 22, 2026, disposing of 6,675 shares at an average price of $38.44 for a total value of $256,587.

Analysts Set New Price Targets

Wall Street firms updated their views on the company through mid-October. On October 19, 2026, Morgan Stanley maintained an Underweight rating and lowered its target from $43 to $29. On the same day, Wells Fargo maintained an Equal-Weight rating and reduced its target from $48.30 to $29. On October 20, 2026, JP Morgan maintained an Overweight rating and cut its target from $53 to $42. Stifel maintained a Hold rating on October 20, 2026, moving its target from $49 to $40. Across the broader analyst community, the stock carries a consensus buy recommendation and a mean price target of $42.11 based on 19 opinions.

About MGM Resorts International

MGM Resorts International operates major hospitality, entertainment, and gaming properties. Its operations span the Las Vegas Strip, regional U.S. markets, and international locations including China through MGM China, alongside digital gaming platforms.

Bottom Line

Truist Securities continues to back MGM Resorts with a Buy rating despite lowering its target price. Market participants will watch the upcoming earnings release on October 28, 2026, for fresh details on operational performance and regional demand.