Melco Resorts & Entertainment Limited (MLCO)
NASDAQ: MLCO · Real-Time Price · USD
5.98
-0.20 (-3.24%)
At close: Dec 24, 2024, 4:00 PM
6.02
+0.04 (0.66%)
After-hours: Dec 24, 2024, 4:45 PM EST
MLCO Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for MLCO stock have an average target of 9.50, with a low estimate of 7.00 and a high estimate of 14. The average target predicts an increase of 58.86% from the current stock price of 5.98.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for MLCO stock from 6 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 2 | 2 | 2 | 2 | 2 | 1 |
| Hold | 1 | 1 | 1 | 1 | 1 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Buy → Hold Downgrades $9.6 → $7.5 | Buy → Hold | Downgrades | $9.6 → $7.5 | +25.42% | Dec 17, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $8.5 → $7.5 | Strong Buy | Maintains | $8.5 → $7.5 | +25.42% | Aug 12, 2024 |
| JP Morgan | JP Morgan | Buy → Hold Downgrades $10 → $7 | Buy → Hold | Downgrades | $10 → $7 | +17.06% | Jul 18, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $10 → $8.5 | Strong Buy | Maintains | $10 → $8.5 | +42.14% | 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 | +73.91% | May 29, 2024 |
Financial Forecast
Revenue This Year
4.72B
from 3.78B
Increased by 25.00%
Revenue Next Year
5.00B
from 4.72B
Increased by 5.93%
EPS This Year
0.21
from -0.75
EPS Next Year
0.52
from 0.21
Increased by 145.78%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 5.1B | 5.6B | 6.0B | |||
| Avg | 4.7B | 5.0B | 5.3B | |||
| Low | 4.4B | 4.6B | 4.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 34.2% | 18.6% | 19.3% | |||
| Avg | 25.0% | 5.9% | 5.1% | |||
| Low | 17.4% | -1.9% | -4.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2029 |
|---|---|---|---|---|
| High | 0.38 | 1.23 | 1.38 | |
| Avg | 0.21 | 0.52 | 0.83 | |
| Low | 0.06 | 0.06 | 0.50 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2029 |
|---|---|---|---|---|
| High | - | 478.7% | 163.6% | |
| Avg | - | 145.8% | 58.4% | |
| Low | - | -72.3% | -4.8% |
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.