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Melco Resorts & Entertainment - MLCO Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $14.78
  • Forecasted Upside: 135.65%
  • Number of Analysts: 5
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 3 Buy Ratings
  • 0 Strong Buy Ratings
$6.27 As of 04/24/2024 01:00 AM ET
▲ +0.07 (1.13%)

This chart shows the closing price for MLCO by one month, three months, or twelve months.

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Analyst Price Target for MLCO

Analyst Price Target is $14.78
▲ +135.65% Upside Potential
This price target is based on 5 analysts offering 12 month price targets for Melco Resorts & Entertainment in the last 3 months. The average price target is $14.78, with a high forecast of $18.20 and a low forecast of $9.60. The average price target represents a 135.65% upside from the last price of $6.27.

This chart shows the closing price for MLCO for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Moderate Buy

The current consensus among 5 investment analysts is to moderate buy stock in Melco Resorts & Entertainment. This Moderate Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
11/1/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
1/30/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
4/30/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
7/29/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
10/27/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
1/25/2024
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
3/25/2024
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
4/24/2024

Latest Recommendations

  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
1/2/2024Morgan StanleyReiterated RatingOverweight ➝ Equal Weight$9.60Low
12/15/2023SusquehannaInitiated CoveragePositive$15.00Low
7/18/2023MacquarieInitiated CoverageOutperform$16.30Low
6/28/2023VNET GroupReiterated RatingDowngradeLow
6/27/2023Bank of AmericaDowngradeBuy ➝ NeutralLow
6/20/2023Credit Suisse GroupUpgradeNeutral ➝ Outperform$14.00 ➝ $18.20Low
11/28/2022JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$7.00 ➝ $10.00Low
10/17/2022Credit Suisse GroupDowngradeOutperform ➝ NeutralLow
9/26/2022CitigroupBoost TargetBuy$11.00 ➝ $11.50Low
7/5/2022CitigroupLower TargetBuy$12.50 ➝ $11.00N/A
5/9/2022CICC ResearchDowngradeOutperform ➝ Market PerformHigh
1/18/2022CitigroupBoost Target$13.50 ➝ $15.00Medium
1/10/2022CitigroupLower Target$14.50 ➝ $13.50High
12/13/2021Morgan StanleyUpgradeEqual Weight ➝ Overweight$13.00High
11/24/2021Credit Suisse GroupUpgradeUnderperform ➝ OutperformHigh
9/28/2021CitigroupLower TargetBuy$24.50 ➝ $14.50Medium
9/16/2021JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$10.00Low
7/28/2021HSBCUpgradeHold ➝ Buy$16.90Low
7/15/2021HSBCDowngradeBuy ➝ Hold$21.10 ➝ $16.90Low
5/24/2021Morgan StanleyDowngradeOverweight ➝ Equal Weight$17.00Low
2/25/2021CLSAUpgradeUnderperform ➝ OutperformLow
1/19/2021Credit Suisse GroupDowngradeNeutral ➝ Underperform$14.00Low
1/7/2021MacquarieDowngradeOutperform ➝ Neutral$20.00N/A
11/17/2020JPMorgan Chase & Co.Boost TargetOverweight$23.00 ➝ $25.00Low
11/5/2020Roth CapitalLower TargetBuy ➝ Positive$35.00 ➝ $30.00Medium
9/21/2020Credit Suisse GroupDowngradeOutperform ➝ Neutral$24.60 ➝ $18.70High
9/16/2020Roth CapitalBoost TargetBuy$28.00 ➝ $35.00High
9/11/2020BOCOM InternationalInitiated CoverageBuyMedium
8/20/2020CLSADowngradeBuy ➝ UnderperformMedium
8/7/2020Bank of AmericaReiterated RatingBuy$20.00High
6/5/2020UBS GroupBoost TargetBuy$19.60 ➝ $21.80High
5/17/2020NomuraReiterated RatingBuy$20.00High
4/30/2020NomuraReiterated RatingBuyMedium
2/21/2020Nomura SecuritiesLower TargetBuy$33.00 ➝ $27.00Low
9/13/2019UBS GroupBoost TargetBuy$25.60 ➝ $26.80High
9/6/2019CLSASet TargetBuy$26.00Low
9/6/2019JPMorgan Chase & Co.Lower TargetOverweight$29.00 ➝ $25.00Low
8/13/2019Nomura SecuritiesReiterated RatingBuy$15.00Low
5/28/2019The Goldman Sachs GroupSet TargetBuy$27.00Low
5/8/2019Nomura SecuritiesBoost TargetBuy$27.00 ➝ $30.00High
5/8/2019Wolfe ResearchDowngradeOutperform ➝ Peer PerformMedium
(Data available from 4/24/2019 forward)

News Sentiment Rating

0.99 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 12 very positive mentions
  • 2 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
9/27/2023
  • 3 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/27/2023
  • 2 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/26/2023
  • 7 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/26/2023
  • 7 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
1/25/2024
  • 10 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
2/24/2024
  • 7 very positive mentions
  • 14 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
3/25/2024
  • 9 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
4/24/2024

Current Sentiment

  • 9 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

Melco Resorts & Entertainment logo
Melco Resorts & Entertainment Limited, through its subsidiaries, develops, owns, and operates casino gaming and entertainment casino resort facilities in Asia. It owns and operates City of Dreams, an integrated casino resort that has 500 gaming tables and 800 gaming machines; approximately 1,400 hotel rooms and suites; a wet stage performance theater with approximately 2,000 seats; approximately 30 restaurants and bars, and 150 retail outlets; and recreation and leisure facilities, including health and fitness clubs, swimming pools, spa and salons, and banquet and meeting facilities. The company also operates Altira Macau, a casino hotel, which has approximately 112 gaming tables and 56 gaming machines; 230 hotel rooms; various fine dining and casual restaurants, and recreation and leisure facilities; and various non-gaming amenities comprising spa, gymnasium, outdoor garden podium, and sky terrace lounge. In addition, it operates Studio City, a cinematically-themed integrated entertainment, retail, and gaming resort that comprises 280 gaming tables and 980 gaming machines in Cotai, Macau. Further, the company owns and operates 7 Mocha Clubs with 1,034 gaming machines, as well as Taipa Square casino in Taipa Island, Macau. Additionally, it operates and manages City of Dreams Manila, a casino, hotel, retail, and entertainment integrated resort in the Entertainment City complex in Manila. The company was formerly known as Melco Crown Entertainment Limited and changed its name to Melco Resorts & Entertainment Limited in April 2017. Melco Resorts & Entertainment Limited was incorporated in 2004 and is based in Central, Hong Kong. As of February 16, 2017, Melco Resorts & Entertainment Limited operates as a subsidiary of Melco Leisure and Entertainment Group Limited.
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Today's Range

Now: $6.27
Low: $6.11
High: $6.30

50 Day Range

MA: $7.37
Low: $6.15
High: $8.90

52 Week Range

Now: $6.27
Low: $6.10
High: $14.00

Volume

4,117,273 shs

Average Volume

3,062,078 shs

Market Capitalization

$2.79 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

1.11

Frequently Asked Questions

What sell-side analysts currently cover shares of Melco Resorts & Entertainment?

The following Wall Street research analysts have issued stock ratings on Melco Resorts & Entertainment in the last year: Bank of America Co., Credit Suisse Group AG, Macquarie, Morgan Stanley, StockNews.com, Susquehanna, and VNET Group, Inc..
View the latest analyst ratings for MLCO.

What is the current price target for Melco Resorts & Entertainment?

4 Wall Street analysts have set twelve-month price targets for Melco Resorts & Entertainment in the last year. Their average twelve-month price target is $14.78, suggesting a possible upside of 135.6%. Credit Suisse Group AG has the highest price target set, predicting MLCO will reach $18.20 in the next twelve months. Morgan Stanley has the lowest price target set, forecasting a price of $9.60 for Melco Resorts & Entertainment in the next year.
View the latest price targets for MLCO.

What is the current consensus analyst rating for Melco Resorts & Entertainment?

Melco Resorts & Entertainment currently has 2 hold ratings and 3 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for MLCO.

What other companies compete with Melco Resorts & Entertainment?

Other companies that are similar to Melco Resorts & Entertainment include PENN Entertainment, Atour Lifestyle, Travel + Leisure, Wyndham Destinations and Monarch Casino & Resort. Learn More about companies similar to Melco Resorts & Entertainment.

How do I contact Melco Resorts & Entertainment's investor relations team?

Melco Resorts & Entertainment's physical mailing address is 36TH FLOOR THE CENTRIUM. 60 WYNDHAM STREET CENTRAL, HONG KONG K3, . The company's listed phone number is 852-2598-3600 and its investor relations email address is [email protected]. The official website for Melco Resorts & Entertainment is www.melco-resorts.com. Learn More about contacing Melco Resorts & Entertainment investor relations.