Melco Resorts & Entertainment (MLCO) Stock Forecast, Price Target & Predictions
MLCO Stock Forecast
Melco Resorts & Entertainment stock forecast is as follows: an average price target of $9.72 (represents a 70.23% upside from MLCO’s last price of $5.71) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.
MLCO Price Target
MLCO Analyst Ratings
Melco Resorts & Entertainment Price Target by Analyst
Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
---|---|---|---|---|---|---|
Aug 12, 2024 | Karl Choi | Bank of America Securities | $7.50 | $5.57 | 34.65% | 31.35% |
May 06, 2024 | Praveen Choudhary | Morgan Stanley | $9.60 | $7.24 | 32.60% | 68.13% |
Apr 15, 2024 | Vitaly Umansky | Seaport Global | $10.00 | $6.95 | 43.88% | 75.13% |
Nov 28, 2022 | - | J.P. Morgan | $10.00 | $7.30 | 36.99% | 75.13% |
Sep 26, 2022 | - | Citigroup | $11.50 | $6.88 | 67.15% | 101.40% |
Jul 05, 2022 | - | Citigroup | $11.00 | $5.89 | 86.76% | 92.64% |
Melco Resorts & Entertainment Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | - | 1 | 3 |
Avg Price Target | - | $7.50 | $9.03 |
Last Closing Price | $5.71 | $5.71 | $5.71 |
Upside/Downside | -100.00% | 31.35% | 58.14% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
Jul 09, 2024 | Citigroup | Buy | Buy | Hold |
May 29, 2024 | Bank of America Securities | - | Buy | Upgrade |
May 06, 2024 | Morgan Stanley | - | Overweight | Upgrade |
May 01, 2024 | Citigroup | Buy | Buy | Hold |
Apr 15, 2024 | Seaport Global | - | Buy | Initialise |
Jun 20, 2023 | Credit Suisse | Neutral | Outperform | Upgrade |
Oct 17, 2022 | Credit Suisse | - | Neutral | Downgrade |
Sep 26, 2022 | Citigroup | Buy | Buy | Hold |
Jul 05, 2022 | Citigroup | Buy | Buy | Hold |
May 06, 2022 | CLSA | - | Buy | Upgrade |
Melco Resorts & Entertainment Financial Forecast
Melco Resorts & Entertainment Revenue Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $716.48M | $337.09M | $241.84M | $296.11M | $474.94M | $480.61M | $446.39M | $566.44M | $518.92M | $528.00M | $212.90M | $175.85M | $722.15M | $1.45B | $1.44B |
Avg Forecast | $1.41B | $1.36B | $1.34B | $1.32B | $1.30B | $1.26B | $1.23B | $1.22B | $1.21B | $1.17B | $1.16B | $1.11B | $1.14B | $1.03B | $919.17M | $838.33M | $396.87M | $295.89M | $326.35M | $483.85M | $576.80M | $508.65M | $594.49M | $605.94M | $555.93M | $228.76M | $187.31M | $612.36M | $1.51B | $1.41B |
High Forecast | $1.44B | $1.39B | $1.37B | $1.35B | $1.33B | $1.29B | $1.26B | $1.25B | $1.24B | $1.18B | $1.19B | $1.13B | $1.17B | $1.05B | $940.04M | $857.37M | $405.88M | $302.61M | $330.64M | $490.21M | $584.39M | $515.35M | $602.31M | $613.92M | $563.24M | $231.77M | $189.78M | $620.41M | $1.53B | $1.43B |
Low Forecast | $1.38B | $1.33B | $1.32B | $1.30B | $1.27B | $1.24B | $1.20B | $1.19B | $1.18B | $1.15B | $1.14B | $1.09B | $1.11B | $1.01B | $900.39M | $821.20M | $388.76M | $289.85M | $322.09M | $477.53M | $569.27M | $502.01M | $586.73M | $598.04M | $548.67M | $225.77M | $184.87M | $604.36M | $1.49B | $1.39B |
# Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 13 | 7 | 7 | 9 | 8 | 6 |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.85% | 0.85% | 0.82% | 0.91% | 0.98% | 0.83% | 0.88% | 0.95% | 0.86% | 0.95% | 0.93% | 0.94% | 1.18% | 0.96% | 1.02% |
Melco Resorts & Entertainment EBITDA Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 13 | 7 | 7 | 9 | 8 | 6 |
EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $128.33M | $-67.92M | $-68.30M | $-66.69M | $5.73M | $72.37M | $1.00M | $48.66M | $-20.56M | $20.55M | $-104.72M | $-154.66M | $-58.59M | $303.48M | $305.74M |
Avg Forecast | $13.20M | $12.76M | $12.62M | $12.43M | $12.18M | $11.86M | $11.54M | $11.45M | $11.34M | $11.02M | $10.90M | $-17.49M | $10.69M | $9.67M | $8.63M | $-15.90M | $3.73M | $687.04K | $3.06M | $-14.45M | $5.42M | $4.78M | $5.58M | $-13.14M | $5.22M | $2.15M | $1.76M | $-49.32M | $14.15M | $13.25M |
High Forecast | $13.50M | $13.05M | $12.91M | $12.71M | $12.46M | $12.13M | $11.81M | $11.71M | $11.60M | $11.11M | $11.15M | $-13.99M | $10.98M | $9.89M | $8.83M | $-12.72M | $3.81M | $824.45K | $3.10M | $-11.56M | $5.49M | $4.84M | $5.65M | $-10.51M | $5.29M | $2.18M | $1.78M | $-39.45M | $14.33M | $13.43M |
Low Forecast | $12.93M | $12.49M | $12.36M | $12.18M | $11.93M | $11.61M | $11.31M | $11.22M | $11.11M | $10.80M | $10.68M | $-20.98M | $10.39M | $9.47M | $8.45M | $-19.07M | $3.65M | $549.63K | $3.02M | $-17.34M | $5.34M | $4.71M | $5.51M | $-15.76M | $5.15M | $2.12M | $1.74M | $-59.18M | $13.96M | $13.08M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -8.07% | -18.23% | -99.41% | -21.77% | -0.40% | 13.36% | 0.21% | 8.72% | 1.57% | 3.94% | -48.76% | -87.95% | 1.19% | 21.45% | 23.07% |
Melco Resorts & Entertainment Net Income Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 13 | 7 | 7 | 9 | 8 | 6 |
Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-100.66M | $-294.03M | $-286.62M | $-294.67M | $-221.84M | $-189.94M | $-268.49M | $-220.52M | $-277.51M | $-234.84M | $-386.91M | $-426.81M | $-168.42M | $68.14M | $83.19M |
Avg Forecast | $112.37M | $102.18M | $102.17M | $92.16M | $89.53M | $75.63M | $62.66M | $47.25M | $45.89M | $24.88M | $38.56M | $-198.06M | $-16.33M | $1.73M | $-24.09M | $-180.05M | $-367.70M | $-159.91M | $-229.20M | $-163.68M | $-250.68M | $-167.43M | $-154.98M | $-148.80M | $-320.96M | $-358.15M | $-418.48M | $-141.77M | $118.04M | $110.64M |
High Forecast | $115.69M | $105.20M | $105.19M | $94.87M | $92.17M | $77.86M | $64.51M | $48.65M | $47.24M | $51.01M | $39.69M | $-158.44M | $10.89M | $1.79M | $-23.45M | $-144.04M | $-357.93M | $-127.93M | $-225.31M | $-130.95M | $-246.43M | $-164.59M | $-152.35M | $-119.04M | $-315.51M | $-352.08M | $-411.38M | $-113.41M | $120.06M | $112.53M |
Low Forecast | $109.38M | $99.47M | $99.46M | $89.71M | $87.15M | $73.62M | $60.99M | $46.00M | $44.67M | $11.20M | $37.53M | $-237.67M | $-38.11M | $1.69M | $-24.80M | $-216.06M | $-378.55M | $-191.89M | $-233.12M | $-196.42M | $-254.97M | $-170.30M | $-157.63M | $-178.56M | $-326.45M | $-364.28M | $-425.64M | $-170.12M | $116.04M | $108.76M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.56% | 0.80% | 1.79% | 1.29% | 1.36% | 0.76% | 1.60% | 1.42% | 1.86% | 0.73% | 1.08% | 1.02% | 1.19% | 0.58% | 0.75% |
Melco Resorts & Entertainment SG&A Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 13 | 7 | 7 | 9 | 8 | 6 |
SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $110.00M | $120.74M | $111.25M | $127.23M | $119.39M | $108.03M | $115.61M | $122.63M | $114.88M | $107.69M | $88.84M | $133.05M | $129.06M | $137.93M | $148.02M |
Avg Forecast | $304.95M | $294.63M | $291.48M | $287.10M | $281.32M | $273.86M | $266.62M | $264.46M | $261.99M | $254.61M | $251.81M | $97.69M | $246.87M | $223.27M | $199.33M | $88.81M | $86.07M | $79.27M | $70.77M | $80.74M | $125.08M | $110.31M | $128.92M | $73.40M | $120.56M | $49.61M | $40.62M | $108.64M | $326.75M | $306.08M |
High Forecast | $311.87M | $301.32M | $298.10M | $293.62M | $287.71M | $280.08M | $272.68M | $270.46M | $267.94M | $256.73M | $257.52M | $117.23M | $253.66M | $228.34M | $203.86M | $106.57M | $88.02M | $95.12M | $71.70M | $96.88M | $126.73M | $111.76M | $130.62M | $88.08M | $122.14M | $50.26M | $41.15M | $130.36M | $331.05M | $310.10M |
Low Forecast | $298.72M | $288.61M | $285.53M | $281.24M | $275.58M | $268.26M | $261.18M | $259.05M | $256.64M | $249.40M | $246.66M | $78.15M | $240.07M | $218.70M | $195.26M | $71.05M | $84.31M | $63.41M | $69.85M | $64.59M | $123.45M | $108.87M | $127.24M | $58.72M | $118.98M | $48.96M | $40.09M | $86.91M | $322.48M | $302.08M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.24% | 1.40% | 1.40% | 1.80% | 1.48% | 0.86% | 1.05% | 0.95% | 1.57% | 0.89% | 1.79% | 3.28% | 1.19% | 0.42% | 0.48% |
Melco Resorts & Entertainment EPS Forecast
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 13 | 7 | 7 | 9 | 8 | 6 |
EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-0.23 | $-0.66 | $-0.62 | $-0.62 | $-0.47 | $-0.40 | $-0.56 | $-0.46 | $-0.58 | $-0.49 | $-0.81 | $-0.89 | $-0.35 | $0.14 | $0.17 |
Avg Forecast | $0.25 | $0.23 | $0.23 | $0.21 | $0.20 | $0.17 | $0.14 | $0.11 | $0.10 | $0.06 | $0.09 | $0.03 | $-0.04 | - | $-0.05 | $-0.21 | $-0.83 | $-0.56 | $-0.52 | $-0.42 | $-0.57 | $-0.38 | $-0.35 | $-0.36 | $-0.73 | $-0.81 | $-0.95 | $-0.44 | $0.27 | $0.25 |
High Forecast | $0.26 | $0.24 | $0.24 | $0.22 | $0.21 | $0.18 | $0.15 | $0.11 | $0.11 | $0.12 | $0.09 | $0.03 | $0.02 | - | $-0.05 | $-0.20 | $-0.81 | $-0.55 | $-0.51 | $-0.42 | $-0.56 | $-0.37 | $-0.35 | $-0.35 | $-0.72 | $-0.80 | $-0.93 | $-0.43 | $0.27 | $0.26 |
Low Forecast | $0.25 | $0.23 | $0.23 | $0.20 | $0.20 | $0.17 | $0.14 | $0.10 | $0.10 | $0.03 | $0.09 | $0.03 | $-0.09 | - | $-0.06 | $-0.22 | $-0.86 | $-0.58 | $-0.53 | $-0.43 | $-0.58 | $-0.39 | $-0.36 | $-0.37 | $-0.74 | $-0.83 | $-0.97 | $-0.45 | $0.26 | $0.25 |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.10% | 0.79% | 1.11% | 1.19% | 1.11% | 0.70% | 1.47% | 1.31% | 1.61% | 0.67% | 1.00% | 0.94% | 0.79% | 0.52% | 0.68% |
Melco Resorts & Entertainment Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
CNTY | Century Casinos | $2.57 | $13.00 | 405.84% | Buy |
PENN | PENN Entertainment | $19.90 | $41.32 | 107.64% | Buy |
CZR | Caesars Entertainment | $38.87 | $73.08 | 88.01% | Buy |
MLCO | Melco Resorts & Entertainment | $5.71 | $9.72 | 70.23% | Buy |
MGM | MGM Resorts | $36.51 | $52.84 | 44.73% | Buy |
LVS | Las Vegas Sands | $40.02 | $57.00 | 42.43% | Buy |
WYNN | Wynn Resorts | $78.46 | $109.82 | 39.97% | Buy |
GDEN | Golden Entertainment | $32.58 | $41.00 | 25.84% | Buy |
MCRI | Monarch Casino & Resort | $75.36 | $84.00 | 11.46% | Hold |
BALY | Bally's | $17.31 | $18.10 | 4.56% | Hold |
MLCO Forecast FAQ
Is Melco Resorts & Entertainment a good buy?
Yes, according to 6 Wall Street analysts, Melco Resorts & Entertainment (MLCO) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 100.00% of MLCO's total ratings.
What is MLCO's price target?
Melco Resorts & Entertainment (MLCO) average price target is $9.72 with a range of $7.5 to $11.5, implying a 70.23% from its last price of $5.71. The data is based on 6 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Melco Resorts & Entertainment stock go up soon?
According to Wall Street analysts' prediction for MLCO stock, the company can go up by 70.23% (from the last price of $5.71 to the average price target of $9.72), up by 101.40% based on the highest stock price target, and up by 31.35% based on the lowest stock price target.
Can Melco Resorts & Entertainment stock reach $9?
MLCO's average twelve months analyst stock price target of $9.72 supports the claim that Melco Resorts & Entertainment can reach $9 in the near future.
What are Melco Resorts & Entertainment's analysts' financial forecasts?
Melco Resorts & Entertainment's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $5.01B (high $5.12B, low $4.91B), average EBITDA is $47.03M (high $48.1M, low $46.07M), average net income is $275.06M (high $283.19M, low $267.76M), average SG&A $1.09B (high $1.11B, low $1.06B), and average EPS is $0.624 (high $0.643, low $0.608). MLCO's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $5.43B (high $5.56B, low $5.32B), average EBITDA is $51.01M (high $52.17M, low $49.96M), average net income is $408.88M (high $420.95M, low $398.02M), average SG&A $1.18B (high $1.2B, low $1.15B), and average EPS is $0.928 (high $0.955, low $0.903).
Did the MLCO's actual financial results beat the analysts' financial forecasts?
Based on Melco Resorts & Entertainment's last annual report (Dec 2022), the company's revenue was $1.35B, which missed the average analysts forecast of $1.5B by -10.18%. Apple's EBITDA was $-197M, beating the average prediction of $-6.974M by 2727.48%. The company's net income was $-1.097B, beating the average estimation of $-920M by 19.19%. Apple's SG&A was $423.22M, beating the average forecast of $316.84M by 33.58%. Lastly, the company's EPS was $-2.37, beating the average prediction of $-2.339 by 1.32%. In terms of the last quarterly report (Mar 2023), Melco Resorts & Entertainment's revenue was $716.48M, missing the average analysts' forecast of $838.33M by -14.53%. The company's EBITDA was $128.33M, missing the average prediction of $-15.896M by -907.36%. Melco Resorts & Entertainment's net income was $-101M, missing the average estimation of $-180M by -44.09%. The company's SG&A was $110M, beating the average forecast of $88.81M by 23.87%. Lastly, the company's EPS was $-0.23, beating the average prediction of $-0.21 by 9.52%