Melco Resorts & Entertainment Limited (MLCO)
NASDAQ: MLCO · Real-Time Price · USD
7.57
+1.04 (15.93%)
At close: Sep 26, 2024, 4:00 PM
7.65
+0.08 (1.06%)
After-hours: Sep 26, 2024, 5:44 PM EDT
MLCO Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for MLCO stock have an average target of 9.85, with a low estimate of 7.00 and a high estimate of 14. The average target predicts an increase of 30.12% from the current stock price of 7.57.
Analyst Consensus: Strong Buy
* Price targets were last updated on Aug 12, 2024.
Analyst Ratings
The average analyst rating for MLCO stock from 6 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 3 | 3 | 3 | 3 | 3 |
| Buy | 3 | 4 | 4 | 2 | 2 | 2 |
| Hold | 2 | 0 | 0 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 7 | 7 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B of A Securities | B of A Securities | Strong Buy Maintains $8.5 → $7.5 | Strong Buy | Maintains | $8.5 → $7.5 | -0.92% | Aug 12, 2024 |
| JP Morgan | JP Morgan | Buy → Hold Downgrades $10 → $7 | Buy → Hold | Downgrades | $10 → $7 | -7.53% | Jul 18, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $10 → $8.5 | Strong Buy | Maintains | $10 → $8.5 | +12.29% | Jul 11, 2024 |
| B of A Securities | B of A Securities | Hold → Strong Buy Upgrades $7.5 → $10 | Hold → Strong Buy | Upgrades | $7.5 → $10 | +37.38% | May 29, 2024 |
| Morgan Stanley | Morgan Stanley | Hold → Buy Upgrades $8.3 → $9.6 | Hold → Buy | Upgrades | $8.3 → $9.6 | +26.82% | May 6, 2024 |
Financial Forecast
Revenue This Year
4.73B
from 3.78B
Increased by 25.34%
Revenue Next Year
5.02B
from 4.73B
Increased by 6.11%
EPS This Year
0.17
from -0.75
EPS Next Year
0.51
from 0.17
Increased by 201.82%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.1B | 5.9B | 6.2B | ||
| Avg | 4.7B | 5.0B | 5.3B | ||
| Low | 4.4B | 4.2B | 4.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 35.2% | 24.8% | 23.9% | ||
| Avg | 25.3% | 6.1% | 6.2% | ||
| Low | 17.2% | -10.6% | -13.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.30 | 1.08 | 1.31 | ||
| Avg | 0.17 | 0.51 | 0.77 | ||
| Low | -0.06 | -0.04 | 0.45 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 542.6% | 158.4% | ||
| Avg | - | 201.8% | 52.2% | ||
| Low | - | - | -10.5% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.