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 $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


The average price target for Melco Resorts & Entertainment (MLCO) is $9.72 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 $7.50. This represents a potential 70.23% upside from MLCO's last price of $5.71.

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%), 6 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Melco Resorts & Entertainment Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 12, 2024Karl ChoiBank of America Securities$7.50$5.5734.65%31.35%
May 06, 2024Praveen ChoudharyMorgan Stanley$9.60$7.2432.60%68.13%
Apr 15, 2024Vitaly UmanskySeaport Global$10.00$6.9543.88%75.13%
Nov 28, 2022-J.P. Morgan$10.00$7.3036.99%75.13%
Sep 26, 2022-Citigroup$11.50$6.8867.15%101.40%
Jul 05, 2022-Citigroup$11.00$5.8986.76%92.64%
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The latest Melco Resorts & Entertainment stock forecast, released on Aug 12, 2024 by Karl Choi from Bank of America Securities, set a price target of $7.50, which represents a 34.65% increase from the stock price at the time of the forecast ($5.57), and a 31.35% increase from MLCO last price ($5.71).

Melco Resorts & Entertainment Price Target by Period


1M3M12M
# Anlaysts-13
Avg Price Target-$7.50$9.03
Last Closing Price$5.71$5.71$5.71
Upside/Downside-100.00%31.35%58.14%

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 $5.71. 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


DateCompanyPrevious RatingNew RatingRating Change
Jul 09, 2024CitigroupBuyBuyHold
May 29, 2024Bank of America Securities-BuyUpgrade
May 06, 2024Morgan Stanley-OverweightUpgrade
May 01, 2024CitigroupBuyBuyHold
Apr 15, 2024Seaport Global-BuyInitialise
Jun 20, 2023Credit SuisseNeutralOutperformUpgrade
Oct 17, 2022Credit Suisse-NeutralDowngrade
Sep 26, 2022CitigroupBuyBuyHold
Jul 05, 2022CitigroupBuyBuyHold
May 06, 2022CLSA-BuyUpgrade
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Melco Resorts & Entertainment's last stock rating was published by Citigroup on Jul 09, 2024. The company gave MLCO a "Buy" rating, the same as its previous rate.

Melco Resorts & Entertainment Financial Forecast


Melco Resorts & Entertainment Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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
# Analysts1111111113124222111122221377986
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 $900.39M, and a high forecast of $940.04M. 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts1111111113124222111122221377986
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%

2 analysts predict MLCO's average Quarter EBITDA for Jun 23 to be $8.63M, with a high of $8.83M and a low of $8.45M. This is -93.28% lower than Melco Resorts & Entertainment's previous annual EBITDA (Mar 23) of $128.33M.

Melco Resorts & Entertainment Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts1111111113124222111122221377986
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'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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts1111111113124222111122221377986
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's average Quarter SG&A projection for Jun 23 is $199.33M, based on 2 Wall Street analysts, with a range of $195.26M to $203.86M. 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts1111111113124222111122221377986
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%

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 $-0.45 and a high estimate of $-0.43. 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


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
CNTYCentury Casinos$2.57$13.00405.84%Buy
PENNPENN Entertainment$19.90$41.32107.64%Buy
CZRCaesars Entertainment$38.87$73.0888.01%Buy
MLCOMelco Resorts & Entertainment$5.71$9.7270.23%Buy
MGMMGM Resorts$36.51$52.8444.73%Buy
LVSLas Vegas Sands$40.02$57.0042.43%Buy
WYNNWynn Resorts$78.46$109.8239.97%Buy
GDENGolden Entertainment$32.58$41.0025.84%Buy
MCRIMonarch Casino & Resort$75.36$84.0011.46%Hold
BALYBally's$17.31$18.104.56%Hold

MLCO Forecast FAQ


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.

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.

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.

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.

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).

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%