Melco Resorts & Entertainment Limited (MLCO)
NASDAQ: MLCO · IEX Real-Time Price · USD
6.34
+0.03 (0.48%)
Apr 26, 2024, 4:00 PM EDT - Market closed
MLCO Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for MLCO stock have an average target of 12.92, with a low estimate of 8.40 and a high estimate of 18.2. The average target predicts an increase of 103.79% from the current stock price of 6.34.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 0 | 0 | 0 | 0 | 1 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 1 | 1 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 4 | 5 | 5 | 5 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Seaport Global | Seaport Global | Strong Buy Initiates $10 | Strong Buy | Initiates | $10 | +57.73% | Apr 15, 2024 |
| B of A Securities | B of A Securities | Hold Maintains $10 → $8.4 | Hold | Maintains | $10 → $8.4 | +32.49% | Mar 12, 2024 |
| Morgan Stanley | Morgan Stanley | Buy → Hold Downgrades $9.6 | Buy → Hold | Downgrades | $9.6 | +51.42% | Jan 2, 2024 |
| Susquehanna | Susquehanna | Buy Initiates $15 | Buy | Initiates | $15 | +136.59% | Dec 15, 2023 |
| Macquarie | Macquarie | Buy Initiates $16 | Buy | Initiates | $16 | +157.10% | Jul 18, 2023 |
Financial Forecast
Revenue This Year
4.72B
from 3.78B
Increased by 25.13%
Revenue Next Year
5.08B
from 4.72B
Increased by 7.62%
EPS This Year
0.20
from -0.75
EPS Next Year
0.55
from 0.20
Increased by 181.21%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.2B | 5.9B | 6.5B | 7.0B | 7.5B |
| Avg | 4.7B | 5.1B | 5.5B | 6.8B | 7.3B |
| Low | 4.4B | 4.4B | 5.0B | 6.5B | 7.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 37.4% | 24.3% | 27.5% | 27.2% | 9.6% |
| Avg | 25.1% | 7.6% | 8.5% | 23.5% | 6.5% |
| Low | 15.7% | -7.5% | -2.0% | 18.7% | 2.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.48 | 0.72 | 1.03 | 2.31 | 2.39 |
| Avg | 0.20 | 0.55 | 0.83 | 2.24 | 2.33 |
| Low | -0.25 | 0.15 | 0.59 | 2.16 | 2.23 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 269.0% | 86.4% | 177.5% | 6.7% |
| Avg | - | 181.2% | 50.8% | 169.5% | 3.6% |
| Low | - | -25.1% | 6.7% | 159.0% | -0.4% |
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.