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Melco Resorts & Entertainment (MLCO) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

MLCO Stock Forecast

Melco Resorts & Entertainment (MLCO) stock forecast, based on 6 Wall Street analysts, predicts a 12-month average price target of $9.20, with a high of $9.20 and a low of $9.20. This represents a 56.73% increase from the last price of $5.87.

$5 $6 $7 $8 $9 $10 High: $9.2 Avg: $9.2 Low: $9.2 Last Closed Price: $5.87

MLCO Stock Rating

Melco Resorts & Entertainment stock's rating consensus is Buy, based on 6 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 5 Buy (83.33%), 1 Hold (16.67%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 6 1 5 0 Strong Sell Sell Hold Buy Strong Buy

MLCO Forecast vs Benchmarks

TypeNameUpside
StockMelco Resorts & Entertainment56.73%
SectorConsumer Cyclical Stocks 4.57%
IndustryGambling, Resorts & Casinos Stocks 19.52%
IdeaTravel Stocks List1.70%

Price Target Trends

1M3M12M
# Anlaysts--4
Avg Price Target--$9.07
Last Closing Price$5.87$5.87$5.87
Upside/Downside--54.51%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 25384--15
Dec, 24384--15
Nov, 244114--19
Oct, 244114--19
Sep, 244114--19
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 14, 2024Ronald LeungBank of America Securities$9.20$7.5821.37%56.73%
Aug 12, 2024Karl ChoiBank of America Securities$7.50$5.5734.65%27.77%
May 06, 2024Praveen ChoudharyMorgan Stanley$9.60$7.2432.60%63.54%
Apr 15, 2024Vitaly UmanskySeaport Global$10.00$6.9543.88%70.36%
Nov 28, 2022J.P. Morgan$10.00$7.3036.99%70.36%
Sep 26, 2022Citigroup$11.50$6.8867.15%95.91%
Jul 05, 2022Citigroup$11.00$5.8986.76%87.39%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Oct 14, 2024Bank of America SecuritiesBuyNeutraldowngrade
Jul 09, 2024CitigroupBuyBuyhold
May 29, 2024Bank of America SecuritiesBuyupgrade
May 06, 2024Morgan StanleyOverweightupgrade
May 01, 2024CitigroupBuyBuyhold
Apr 15, 2024Seaport GlobalBuyinitialise
Jun 20, 2023Credit SuisseNeutralOutperformupgrade
Oct 17, 2022Credit SuisseNeutraldowngrade
Sep 26, 2022CitigroupBuyBuyhold
Jul 05, 2022CitigroupBuyBuyhold

Financial Forecast

EPS Forecast

$-4 $-3 $-2 $-1 $0 $1 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$-3.05$-2.00$-2.37$-0.63----
Avg Forecast$-2.59$-1.87$-2.00-$0.23$0.40$0.68$0.80
High Forecast$-2.77$-2.00$-2.14-$0.06$0.38$0.46$0.66
Low Forecast$-2.45$-1.77$-1.92-$0.34$0.42$0.90$0.94
Surprise %17.76%6.95%18.50%-----

Revenue Forecast

$1B $2B $3B $4B $5B $6B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$1.73B$2.01B$1.35B$3.78B----
Avg Forecast$1.74B$2.03B$1.43B$3.83B$4.63B$4.89B$5.07B$5.52B
High Forecast$1.67B$1.94B$1.39B$3.80B$4.62B$4.78B$5.02B$5.30B
Low Forecast$1.84B$2.14B$1.51B$3.86B$4.64B$4.98B$5.12B$5.74B
Surprise %-0.90%-0.77%-5.71%-1.45%----

Net Income Forecast

$-2B $-900M $-300M $300M $900M $2B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$-1.45B$-956.46M$-1.10B$-277.58M----
Avg Forecast$-1.19B$-802.84M$-883.13M$-326.92M$261.20M$522.44M$893.86M$1.05B
High Forecast$-1.43B$-963.41M$-1.06B$-392.30M$74.63M$497.68M$610.75M$867.36M
Low Forecast$-953.47M$-642.27M$-706.50M$-261.54M$447.77M$547.19M$1.18B$1.24B
Surprise %22.05%19.13%24.24%-15.09%----

MLCO Forecast FAQ

Is Melco Resorts & Entertainment stock a buy?

Melco Resorts & Entertainment stock has a consensus rating of Buy, based on 6 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 5 Buy, 1 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Melco Resorts & Entertainment is a favorable investment for most analysts.

What is Melco Resorts & Entertainment's price target?

Melco Resorts & Entertainment's price target, set by 6 Wall Street analysts, averages $9.2 over the next 12 months. The price target range spans from $9.2 at the low end to $9.2 at the high end, suggesting a potential 56.73% change from the previous close price of $5.87.

How does Melco Resorts & Entertainment stock forecast compare to the average forecast of its sector, industry, and investment themes?

Melco Resorts & Entertainment stock forecast shows a 56.73% upside, outperforming the average forecast for the consumer cyclical stocks sector (4.57%) and outperforming the gambling, resorts & casinos stocks industry (19.52%), leading the travel stocks list (1.70%) investment theme.

What is the breakdown of analyst ratings for Melco Resorts & Entertainment over the past three months?

  • January 2025: 20.00% Strong Buy, 53.33% Buy, 26.67% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 20.00% Strong Buy, 53.33% Buy, 26.67% Hold, 0% Sell, 0% Strong Sell.
  • November 2024: 21.05% Strong Buy, 57.89% Buy, 21.05% Hold, 0% Sell, 0% Strong Sell.

What is Melco Resorts & Entertainment’s EPS forecast?

Melco Resorts & Entertainment's average annual EPS forecast for its fiscal year ending in December is 0.23 for 2024, a -136.51% decrease from the reported $-0.63 in 2023. The prediction for 2025 is $0.4, $0.68 for 2026, and $0.8 for 2027.

What is Melco Resorts & Entertainment’s revenue forecast?

Melco Resorts & Entertainment's average annual revenue forecast for its fiscal year ending in December is $4.63B for 2024, a 22.74% increase from the reported $3.78B in 2023. The forecast for 2025 is $4.89B, $5.07B for 2026, and $5.52B for 2027.

What is Melco Resorts & Entertainment’s net income forecast?

For its fiscal year ending in December, Melco Resorts & Entertainment's average annual net income forecast is $261.2M for 2024, reflecting a -194.10% decrease from the reported $-278M in 2023. The projection for 2025 is $522.44M, $893.86M for 2026, and $1.05B for 2027.