Melco Resorts & Entertainment Limited (MLCO)
NASDAQ: MLCO · IEX Real-Time Price · USD
6.17
+0.12 (1.98%)
At close: Jul 19, 2024, 4:00 PM
6.22
+0.05 (0.81%)
Pre-market: Jul 22, 2024, 6:42 AM EDT
MLCO Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for MLCO stock have an average target of 10.02, with a low estimate of 7.00 and a high estimate of 14. The average target predicts an increase of 62.40% from the current stock price of 6.17.
Analyst Consensus: Strong Buy
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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 1 | 3 | 3 | 3 |
| Buy | 3 | 3 | 3 | 4 | 4 | 2 |
| Hold | 2 | 2 | 2 | 0 | 0 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 6 | 7 | 7 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Buy → Hold Downgrades $10 → $7 | Buy → Hold | Downgrades | $10 → $7 | +13.45% | Jul 18, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $10 → $8.5 | Strong Buy | Maintains | $10 → $8.5 | +37.76% | 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 | +68.56% | May 29, 2024 |
| Morgan Stanley | Morgan Stanley | Hold → Buy Upgrades $8.3 → $9.6 | Hold → Buy | Upgrades | $8.3 → $9.6 | +55.59% | May 6, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $14 → $14 | Strong Buy | Maintains | $14 → $14 | +126.90% | May 1, 2024 |
Financial Forecast
Revenue This Year
4.81B
from 3.78B
Increased by 27.30%
Revenue Next Year
5.19B
from 4.81B
Increased by 7.97%
EPS This Year
0.24
from -0.75
EPS Next Year
0.61
from 0.24
Increased by 149.04%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.1B | 6.0B | 6.0B | 6.9B | 7.3B |
| Avg | 4.8B | 5.2B | 5.4B | 6.7B | 7.1B |
| Low | 4.4B | 4.4B | 4.6B | 6.4B | 6.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 35.4% | 24.2% | 15.0% | 29.0% | 8.9% |
| Avg | 27.3% | 8.0% | 3.2% | 25.3% | 5.8% |
| Low | 15.5% | -8.4% | -11.6% | 20.4% | 1.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.34 | 1.01 | 1.21 | 1.30 | 1.62 |
| Avg | 0.24 | 0.61 | 0.82 | 1.26 | 1.57 |
| Low | 0.09 | 0.19 | 0.57 | 1.22 | 1.51 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 312.7% | 98.5% | 58.2% | 27.8% |
| Avg | - | 149.0% | 35.3% | 53.7% | 24.2% |
| Low | - | -23.8% | -5.6% | 47.7% | 19.3% |
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.