J.P. Morgan ups MGM Resorts PT on growth in betting business, lower taxes
ReutersFeb 6, 2026 12:17 PM
J.P. Morgan raises price target on MGM Resorts International MGM.N to $41 from $39
New PT represents a 13% upside to stock's last close
The company posted Q4 profit above Wall Street estimates on Thursday, driven by strong performance in its online sports-betting business
Brokerage says higher contributions from BetMGM, lower cash taxes and a reduced share count due to $516 million in buybacks boost MGM's free cash flow per share
MGM gained 5.3% in 2025
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