$6.05
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Melco Resorts and Enter
MLCONASDAQ
Melco Resorts and Enter (NASDAQ:MLCO) Stock, Analyst Ratings, Price Targets, Forecasts
Melco Resorts and Entertainment Ltd has a consensus price target of $11.92 based on the ratings of 10 analysts. The high is $18.2 issued by Credit Suisse on June 20, 2023. The low is $7 issued by JP Morgan on July 18, 2024. The 3 most-recent analyst ratings were released by JP Morgan, B of A Securities, and B of A Securities on July 18, 2024, July 11, 2024, and May 29, 2024, respectively. With an average price target of $8.63 between JP Morgan, B of A Securities, and B of A Securities, there's an implied 47.58% upside for Melco Resorts and Entertainment Ltd from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
JP Morgan
B of A Securities
Morgan Stanley
Citigroup
Susquehanna
1calculated from analyst ratings
Analyst Ratings for Melco Resorts and Enter
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 07/18/2024 | Buy Now | 19.66% | JP Morgan | Joseph Greff | $10 → $7 | Downgrade | Overweight → Neutral | Get Alert |
| 07/11/2024 | Buy Now | 45.3% | B of A Securities | Ronald Leung | $10.4 → $8.5 | Maintains | Buy | Get Alert |
| 05/29/2024 | Buy Now | 77.78% | B of A Securities | Ronald Leung | $7.5 → $10.4 | Upgrade | Neutral → Buy | Get Alert |
| 05/06/2024 | Buy Now | 64.1% | Morgan Stanley | Praveen Choudhary | $8.3 → $9.6 | Upgrade | Equal-Weight → Overweight | Get Alert |
| 05/01/2024 | Buy Now | 139.32% | Citigroup | George Choi | $13.75 → $14 | Maintains | Buy | Get Alert |
| 04/29/2024 | Buy Now | 88.03% | Susquehanna | Joseph Stauff | $15 → $11 | Maintains | Positive | Get Alert |
| 04/15/2024 | Buy Now | 70.94% | Seaport Global | Vitaly Umansky | → $10 | Initiates | → Buy | Get Alert |
| 03/12/2024 | Buy Now | 43.59% | B of A Securities | Ronald Leung | $10 → $8.4 | Maintains | Neutral | Get Alert |
| 01/02/2024 | Buy Now | 64.1% | Morgan Stanley | Praveen Choudhary | → $9.6 | Downgrade | Overweight → Equal-Weight | Get Alert |
| 12/15/2023 | Buy Now | 156.41% | Susquehanna | Joseph Stauff | → $15 | Initiates | → Positive | Get Alert |
| 07/18/2023 | Buy Now | 178.63% | Macquarie | Zibo Chen | → $16.3 | Initiates | → Outperform | Get Alert |
| 06/28/2023 | Buy Now | 139.32% | B of A Securities | Ronald Leung | $16 → $14 | Downgrade | Buy → Neutral | Get Alert |
| 06/20/2023 | Buy Now | 211.11% | Credit Suisse | Kenneth Fong | $14 → $18.2 | Upgrade | Neutral → Outperform | Get Alert |
| 11/28/2022 | Buy Now | 70.94% | JP Morgan | Joseph Greff | $7 → $10 | Upgrade | Neutral → Overweight | Get Alert |
| 10/17/2022 | Buy Now | — | Credit Suisse | Kenneth Fong | — | Downgrade | Outperform → Neutral | Get Alert |
| 09/26/2022 | Buy Now | 96.58% | Citigroup | George Choi | $11 → $11.5 | Maintains | Buy | Get Alert |
| 07/05/2022 | Buy Now | 88.03% | Citigroup | George Choi | $12.5 → $11 | Maintains | Buy | Get Alert |
| 05/06/2022 | Buy Now | 32.14% | CLSA | Jonathan Galligan | $7.84 → $7.73 | Upgrade | Outperform → Buy | Get Alert |
| 12/14/2021 | Buy Now | 122.22% | Morgan Stanley | Praveen Choudhary | — | Upgrade | Equal-Weight → Overweight | Get Alert |
| 09/16/2021 | Buy Now | 70.94% | JP Morgan | Joseph Greff | — | Downgrade | Overweight → Neutral | Get Alert |
| 07/28/2021 | Buy Now | 188.89% | HSBC | Charlene Liu | — | Upgrade | Hold → Buy | Get Alert |
FAQ
What is the target price for Melco Resorts and Enter (MLCO) stock?
The latest price target for Melco Resorts and Enter (NASDAQ:MLCO) was reported by JP Morgan on July 18, 2024. The analyst firm set a price target for $7.00 expecting MLCO to rise to within 12 months (a possible 15.70% upside). 10 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Melco Resorts and Enter (MLCO)?
The latest analyst rating for Melco Resorts and Enter (NASDAQ:MLCO) was provided by JP Morgan, and Melco Resorts and Enter downgraded their neutral rating.
When was the last upgrade for Melco Resorts and Enter (MLCO)?
The last upgrade for Melco Resorts and Entertainment Ltd happened on May 29, 2024 when B of A Securities raised their price target to $10.4. B of A Securities previously had a neutral for Melco Resorts and Entertainment Ltd.
When was the last downgrade for Melco Resorts and Enter (MLCO)?
The last downgrade for Melco Resorts and Entertainment Ltd happened on July 18, 2024 when JP Morgan changed their price target from $10 to $7 for Melco Resorts and Entertainment Ltd.
When is the next analyst rating going to be posted or updated for Melco Resorts and Enter (MLCO)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Melco Resorts and Enter, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Melco Resorts and Enter was filed on July 18, 2024 so you should expect the next rating to be made available sometime around July 18, 2025.
Is the Analyst Rating Melco Resorts and Enter (MLCO) correct?
While ratings are subjective and will change, the latest Melco Resorts and Enter (MLCO) rating was a downgraded with a price target of $10.00 to $7.00. The current price Melco Resorts and Enter (MLCO) is trading at is $6.05, which is out of the analyst’s predicted range.
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