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

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MLCO Stock Forecast

Melco Resorts & Entertainment stock forecast is as follows: an average price target of $10.06 (represents a 68.23% upside from MLCO’s last price of $5.98) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.

MLCO Price Target

The average price target for Melco Resorts & Entertainment (MLCO) is $10.06 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $11.50 to $9.20. This represents a potential 68.23% upside from MLCO's last price of $5.98.

MLCO Analyst Ratings

Buy

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

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
Oct 14, 2024	Ronald Leung	Bank of America Securities	$9.20	$7.58	21.37%	53.85%
Aug 12, 2024	Karl Choi	Bank of America Securities	$7.50	$5.57	34.65%	25.42%
May 06, 2024	Praveen Choudhary	Morgan Stanley	$9.60	$7.24	32.60%	60.54%
Apr 15, 2024	Vitaly Umansky	Seaport Global	$10.00	$6.95	43.88%	67.22%
Nov 28, 2022	-	J.P. Morgan	$10.00	$7.30	36.99%	67.22%
Sep 26, 2022	-	Citigroup	$11.50	$6.88	67.15%	92.31%
Jul 05, 2022	-	Citigroup	$11.00	$5.89	86.76%	83.95%

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The latest Melco Resorts & Entertainment stock forecast, released on Oct 14, 2024 by Ronald Leung from Bank of America Securities, set a price target of $9.20, which represents a 21.37% increase from the stock price at the time of the forecast ($7.58), and a 53.85% increase from MLCO last price ($5.98).

Melco Resorts & Entertainment Price Target by Period

	1M	3M	12M
# Anlaysts	-	1	4
Avg Price Target	-	$9.20	$9.07
Last Closing Price	$5.98	$5.98	$5.98
Upside/Downside	-100.00%	53.85%	51.67%

In the current month, the average price target of Melco Resorts & Entertainment stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Melco Resorts & Entertainment's last price of $5.98. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 14, 2024	Bank of America Securities	Buy	Neutral	Downgrade
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

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Melco Resorts & Entertainment's last stock rating was published by Bank of America Securities on Oct 14, 2024. The company Downgrade its MLCO rating from "Buy" to "Neutral".

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	$1.40B	$1.34B	$1.35B	$1.33B	$1.29B	$1.24B	$1.24B	$1.22B	$1.18B	$1.16B	$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	$1.41B	$1.35B	$1.36B	$1.34B	$1.29B	$1.24B	$1.25B	$1.23B	$1.19B	$1.17B	$1.16B	$1.11B	$1.17B	$1.03B	$925.38M	$843.99M	$399.55M	$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
Low Forecast	$1.38B	$1.32B	$1.33B	$1.31B	$1.27B	$1.22B	$1.22B	$1.20B	$1.17B	$1.14B	$1.16B	$1.11B	$1.11B	$1.03B	$905.40M	$825.77M	$390.93M	$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
# Analysts	1	1	1	1	1	1	1	1	4	2	2	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's average Quarter revenue forecast for Jun 23 based on 2 analysts is $919.17M, with a low forecast of $905.40M, and a high forecast of $925.38M. MLCO's average Quarter revenue forecast represents a 28.29% increase compared to the company's last Quarter revenue of $716.48M (Mar 23).

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	4	2	2	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	$-5.34M	$-5.12M	$-5.18M	$-5.10M	$-4.92M	$-4.73M	$-4.74M	$-4.68M	$-4.53M	$-4.43M	$-4.44M	$-17.49M	$-4.36M	$-3.94M	$-3.52M	$-15.90M	$39.26M	$2.78M	$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	$-5.26M	$-5.04M	$-5.10M	$-5.02M	$-4.85M	$-4.66M	$-4.67M	$-4.61M	$-4.46M	$-4.37M	$-4.44M	$-13.99M	$-4.24M	$-3.94M	$-3.47M	$-12.72M	$47.11M	$2.78M	$3.06M	$-11.56M	$5.42M	$4.78M	$5.58M	$-10.51M	$5.22M	$2.15M	$1.76M	$-39.45M	$14.15M	$13.25M
Low Forecast	$-5.38M	$-5.16M	$-5.22M	$-5.13M	$-4.95M	$-4.76M	$-4.77M	$-4.71M	$-4.56M	$-4.46M	$-4.44M	$-20.98M	$-4.48M	$-3.94M	$-3.54M	$-19.07M	$31.41M	$2.78M	$3.06M	$-17.34M	$5.42M	$4.78M	$5.58M	$-15.76M	$5.22M	$2.15M	$1.76M	$-59.18M	$14.15M	$13.25M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8.07%	-1.73%	-24.58%	-21.77%	-0.40%	13.36%	0.21%	8.72%	1.57%	3.94%	-48.76%	-87.95%	1.19%	21.45%	23.07%

2 analysts predict MLCO's average Quarter EBITDA for Jun 23 to be $-3.52M, with a high of $-3.47M and a low of $-3.54M. This is -102.74% lower than Melco Resorts & Entertainment's previous annual EBITDA (Mar 23) of $128.33M.

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	4	2	2	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	$124.22M	$109.58M	$118.49M	$102.25M	$94.98M	$69.07M	$70.10M	$65.63M	$35.18M	$26.35M	$37.78M	$-198.06M	$-16.01M	$1.70M	$-23.61M	$-180.05M	$-381.64M	$-246.78M	$-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	$125.32M	$110.55M	$119.53M	$103.15M	$95.82M	$69.67M	$70.72M	$66.20M	$35.49M	$26.58M	$37.89M	$-158.44M	$10.67M	$1.71M	$-23.15M	$-144.04M	$-305.31M	$-246.78M	$-229.20M	$-130.95M	$-250.68M	$-167.43M	$-154.98M	$-119.04M	$-320.96M	$-358.15M	$-418.48M	$-113.41M	$118.04M	$110.64M
Low Forecast	$121.81M	$107.45M	$116.18M	$100.26M	$93.13M	$67.72M	$68.74M	$64.35M	$30.78M	$25.84M	$37.68M	$-237.67M	$-37.35M	$1.69M	$-23.81M	$-216.06M	$-457.96M	$-246.78M	$-229.20M	$-196.42M	$-250.68M	$-167.43M	$-154.98M	$-178.56M	$-320.96M	$-358.15M	$-418.48M	$-170.12M	$118.04M	$110.64M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.56%	0.77%	1.16%	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's average Quarter net income forecast for Mar 20 is $-141.77M, with a range of $-170.12M to $-113.41M. MLCO's average Quarter net income forecast represents a -308.06% decrease compared to the company's last Quarter net income of $68.14M (Dec 19).

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	4	2	2	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	$302.81M	$290.15M	$293.57M	$288.92M	$278.74M	$267.84M	$268.65M	$265.17M	$256.72M	$251.16M	$251.81M	$97.69M	$246.87M	$223.27M	$199.33M	$88.81M	$205.77M	$64.17M	$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	$304.85M	$292.11M	$295.56M	$290.87M	$280.63M	$269.65M	$270.47M	$266.96M	$258.45M	$252.85M	$251.81M	$117.23M	$253.66M	$223.27M	$200.68M	$106.57M	$246.92M	$64.17M	$70.77M	$96.88M	$125.08M	$110.31M	$128.92M	$88.08M	$120.56M	$49.61M	$40.62M	$130.36M	$326.75M	$306.08M
Low Forecast	$298.27M	$285.80M	$289.18M	$284.59M	$274.57M	$263.83M	$264.63M	$261.20M	$252.87M	$247.39M	$251.81M	$78.15M	$240.07M	$223.27M	$196.34M	$71.05M	$164.61M	$64.17M	$70.77M	$64.59M	$125.08M	$110.31M	$128.92M	$58.72M	$120.56M	$49.61M	$40.62M	$86.91M	$326.75M	$306.08M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.24%	0.59%	1.73%	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's average Quarter SG&A projection for Jun 23 is $199.33M, based on 2 Wall Street analysts, with a range of $196.34M to $200.68M. The forecast indicates a 81.20% rise compared to MLCO last annual SG&A of $110.00M (Mar 23).

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	4	2	2	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	$0.29	$0.25	$0.27	$0.24	$0.22	$0.16	$0.16	$0.15	$0.08	$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	$0.29	$0.26	$0.28	$0.24	$0.22	$0.16	$0.16	$0.15	$0.08	$0.06	$0.09	$0.03	$0.02	-	$-0.05	$-0.21	$-0.82	$-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
Low Forecast	$0.28	$0.25	$0.27	$0.23	$0.22	$0.16	$0.16	$0.15	$0.07	$0.06	$0.09	$0.03	$-0.09	-	$-0.06	$-0.21	$-0.84	$-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
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%

According to 9 Wall Street analysts, Melco Resorts & Entertainment's projected average Quarter EPS for Mar 20 is $-0.44, with a low estimate of $-0.44 and a high estimate of $-0.44. This represents a -415.50% decrease compared to MLCO previous annual EPS of $0.14 (Dec 19).

Melco Resorts & Entertainment Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
CNTY	Century Casinos	$4.25	$9.00	111.76%	Buy
PENN	PENN Entertainment	$20.32	$40.09	97.29%	Buy
CZR	Caesars Entertainment	$37.38	$70.00	87.27%	Buy
MLCO	Melco Resorts & Entertainment	$5.98	$10.06	68.23%	Buy
MGM	MGM Resorts	$37.27	$51.63	38.53%	Buy
WYNN	Wynn Resorts	$91.25	$112.61	23.41%	Buy
GDEN	Golden Entertainment	$33.20	$39.20	18.07%	Buy
LVS	Las Vegas Sands	$49.18	$57.53	16.98%	Buy
MCRI	Monarch Casino & Resort	$82.87	$84.00	1.36%	Hold
BALY	Bally's	$17.86	$18.10	1.34%	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 5 'Buy' recommendations, accounting for 83.33% of MLCO's total ratings.

What is MLCO's price target?

Melco Resorts & Entertainment (MLCO) average price target is $10.06 with a range of $9.2 to $11.5, implying a 68.23% from its last price of $5.98. 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 68.23% (from the last price of $5.98 to the average price target of $10.06), up by 92.31% based on the highest stock price target, and up by 53.85% based on the lowest stock price target.

Can Melco Resorts & Entertainment stock reach $9?

MLCO's average twelve months analyst stock price target of $10.06 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 $4.98B (high $5.02B, low $4.91B), average EBITDA is $-19.068M (high $-18.782M, low $-19.197M), average net income is $299.78M (high $302.41M, low $293.95M), average SG&A $1.08B (high $1.09B, low $1.06B), and average EPS is $0.694 (high $0.7, low $0.681). MLCO's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $5.42B (high $5.46B, low $5.34B), average EBITDA is $-20.745M (high $-20.435M, low $-20.885M), average net income is $454.54M (high $458.54M, low $445.69M), average SG&A $1.18B (high $1.18B, low $1.16B), and average EPS is $1.05 (high $1.06, low $1.03).

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, missing the average prediction of $30.65M by -743.33%. The company's net income was $-1.097B, beating the average estimation of $-1.021B by 7.43%. Apple's SG&A was $423.22M, beating the average forecast of $421.44M by 0.42%. 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%