S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
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3 Key Stocks Helping to Drive the EV Race
Breakout Alert: Coinbase's Consolidation Is About To End
You Can Follow BlackRock’s Market View for Your Money
Closing prices for crude oil, gold and other commodities
JPMorgan Chase Falls 5% as Consumer Cracking Begins to Show
JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Semiconductor Giants: Navigating the Recent Pullback
3 Key Stocks Helping to Drive the EV Race
Breakout Alert: Coinbase's Consolidation Is About To End
You Can Follow BlackRock’s Market View for Your Money
Closing prices for crude oil, gold and other commodities
JPMorgan Chase Falls 5% as Consumer Cracking Begins to Show
JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Semiconductor Giants: Navigating the Recent Pullback
3 Key Stocks Helping to Drive the EV Race
Breakout Alert: Coinbase's Consolidation Is About To End
You Can Follow BlackRock’s Market View for Your Money
Closing prices for crude oil, gold and other commodities
JPMorgan Chase Falls 5% as Consumer Cracking Begins to Show
JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Semiconductor Giants: Navigating the Recent Pullback
3 Key Stocks Helping to Drive the EV Race
Breakout Alert: Coinbase's Consolidation Is About To End
You Can Follow BlackRock’s Market View for Your Money
Closing prices for crude oil, gold and other commodities
JPMorgan Chase Falls 5% as Consumer Cracking Begins to Show
JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024

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

$6.95
-0.32 (-4.40%)
(As of 04/12/2024 ET)

Melco Resorts & Entertainment Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 5 Analyst Ratings

Analysts' Consensus Price Target

$14.78
112.59% Upside
High Forecast$18.20
Average Forecast$14.78
Low Forecast$9.60
TypeCurrent Forecast
4/14/23 to 4/13/24
1 Month Ago
3/15/23 to 3/14/24
3 Months Ago
1/14/23 to 1/14/24
1 Year Ago
4/14/22 to 4/14/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
3 Buy rating(s)
3 Buy rating(s)
3 Buy rating(s)
2 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$14.78$14.78$14.78$10.75
Predicted Upside112.59% Upside34.78% Upside34.78% Upside80.82% Upside
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MLCO Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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MLCO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Melco Resorts & Entertainment Stock vs. The Competition

TypeMelco Resorts & EntertainmentConsumer Discretionary CompaniesS&P 500
Consensus Rating Score
2.60
2.54
2.49
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside112.59% Upside2,168.17% Upside10.12% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
1/2/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingOverweight ➝ Equal Weight$9.60+3.23%
12/15/2023Susquehanna
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 Initiated CoveragePositive$15.00+73.61%
7/18/2023Macquarie
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 Initiated CoverageOutperform$16.30+21.73%
6/28/2023VNET Group
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 Reiterated RatingDowngrade
6/27/2023Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeBuy ➝ Neutral
6/20/2023Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeNeutral ➝ Outperform$14.00 ➝ $18.20+45.37%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:54 AM ET.

MLCO Price Target - Frequently Asked Questions

What is Melco Resorts & Entertainment's consensus rating and price target?

According to the issued ratings of 5 analysts in the last year, the consensus rating for Melco Resorts & Entertainment stock is Moderate Buy based on the current 2 hold ratings and 3 buy ratings for MLCO. The average twelve-month price prediction for Melco Resorts & Entertainment is $14.78 with a high price target of $18.20 and a low price target of $9.60. Learn more on MLCO's analyst rating history.

Do Wall Street analysts like Melco Resorts & Entertainment more than its competitors?

Analysts like Melco Resorts & Entertainment more than other Consumer Discretionary companies. The consensus rating score for Melco Resorts & Entertainment is 2.60 while the average consensus rating score for consumer discretionary companies is 2.54. Learn more on how MLCO compares to other companies.

Does Melco Resorts & Entertainment's stock price have much upside?

According to analysts, Melco Resorts & Entertainment's stock has a predicted upside of 34.78% based on their 12-month stock forecasts.


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This page (NASDAQ:MLCO) was last updated on 4/13/2024 by MarketBeat.com Staff

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