JPMorgan Upgrades MGM Resorts Amid Rebounding Vegas Demand

By EC Assets · Published 27 May 2026 · Updated 27 May 2026

JPMorgan upgraded MGM Resorts International to an Overweight rating from Neutral. The firm also increased its price target for MGM Resorts to $46 from $41. This upgrade reflects increasing conviction that Las Vegas EBITDAR estimates have bottomed. The upgrade signals a belief that stable leisure demand will support the company. MGM Resorts is the largest resort operator on the Las Vegas Strip. It operates 37,000 guest rooms and suites, which represents approximately one-fourth of all units in that market. On May 27, 2026, JPMorgan raised its rating for MGM Resorts International. The stock advanced 4% to $40 before the market opening. JPMorgan and at least one other brokerage firm upgraded MGM. Caesars Entertainment spinoff Vici Properties previously reached an agreement to acquire MGM Resorts International spinoff MGM Growth Properties. This article is intended for informational purposes only. It does not constitute investment advice.