Wells Fargo Sticks to Its Sell Rating for MGM Resorts (MGM)
Wells Fargo analyst Trey Bowers maintained a Sell rating on MGM Resorts today and set a price target of $31.00.
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Bowers covers the Consumer Cyclical sector, focusing on stocks such as Carnival, Royal Caribbean, and Churchill Downs. According to TipRanks, Bowers has an average return of 3.0% and a 59.38% success rate on recommended stocks.
In addition to Wells Fargo, MGM Resorts also received a Sell from Goldman Sachs’s Lizzie Dove in a report issued on February 6. However, today, Citi maintained a Hold rating on MGM Resorts (NYSE: MGM).
Based on MGM Resorts’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.25 billion and a GAAP net loss of $285.26 million. In comparison, last year the company earned a revenue of $4.18 billion and had a net profit of $184.58 million
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MGM in relation to earlier this year. Most recently, in December 2025, IAC InterActiveCorp, a Major Shareholder at MGM bought 1,098,748.00 shares for a total of $39,884,552.40.
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