Melco Resorts and Entertainment Ltd has a consensus price target of $13.1, established from looking at the 21 latest analyst ratings. The last 3 analyst ratings were released from B of A Securities, Morgan Stanley, and Citigroup on May 29, 2024, May 6, 2024, and May 1, 2024. With an average price target of $11.33 between B of A Securities, Morgan Stanley, and Citigroup, there's an implied 44.37% upside for Melco Resorts and Entertainment Ltd from these 3 analyst ratings.
1calculated from analyst ratings published within the last 3 years
Buy Now | Get Alert | |||||||
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05/29/2024 | Buy Now | 32.48% | B of A Securities | Ronald Leung | $7.5 → $10.4 | Upgrade | Neutral → Buy | Get Alert |
05/06/2024 | Buy Now | 22.29% | Morgan Stanley | Praveen Choudhary | $8.3 → $9.6 | Upgrade | Equal-Weight → Overweight | Get Alert |
05/01/2024 | Buy Now | 78.34% | Citigroup | George Choi | $13.75 → $14 | Maintains | Buy | Get Alert |
04/29/2024 | Buy Now | 40.13% | Susquehanna | Joseph Stauff | $15 → $11 | Maintains | Positive | Get Alert |
04/15/2024 | Buy Now | 27.39% | Seaport Global | Vitaly Umansky | → $10 | Initiates | → Buy | Get Alert |
03/12/2024 | Buy Now | 7.01% | B of A Securities | Ronald Leung | $10 → $8.4 | Maintains | Neutral | Get Alert |
01/02/2024 | Buy Now | 22.29% | Morgan Stanley | Praveen Choudhary | → $9.6 | Downgrade | Overweight → Equal-Weight | Get Alert |
12/15/2023 | Buy Now | 91.08% | Susquehanna | Joseph Stauff | → $15 | Initiates | → Positive | Get Alert |
07/18/2023 | Buy Now | 107.64% | Macquarie | Zibo Chen | → $16.3 | Initiates | → Outperform | Get Alert |
06/28/2023 | Buy Now | 78.34% | B of A Securities | Ronald Leung | $16 → $14 | Downgrade | Buy → Neutral | Get Alert |
06/20/2023 | Buy Now | 131.85% | Credit Suisse | Kenneth Fong | $14 → $18.2 | Upgrade | Neutral → Outperform | Get Alert |
11/28/2022 | Buy Now | 27.39% | JP Morgan | Joseph Greff | $7 → $10 | Upgrade | Neutral → Overweight | Get Alert |
10/17/2022 | Buy Now | — | Credit Suisse | Kenneth Fong | — | Downgrade | Outperform → Neutral | Get Alert |
09/26/2022 | Buy Now | 46.5% | Citigroup | George Choi | $11 → $11.5 | Maintains | Buy | Get Alert |
07/05/2022 | Buy Now | 40.13% | Citigroup | George Choi | $12.5 → $11 | Maintains | Buy | Get Alert |
05/06/2022 | Buy Now | -1.53% | CLSA | Jonathan Galligan | $7.84 → $7.73 | Upgrade | Outperform → Buy | Get Alert |
12/14/2021 | Buy Now | 65.61% | Morgan Stanley | Praveen Choudhary | — | Upgrade | Equal-Weight → Overweight | Get Alert |
09/16/2021 | Buy Now | 27.39% | JP Morgan | Joseph Greff | — | Downgrade | Overweight → Neutral | Get Alert |
07/28/2021 | Buy Now | 115.29% | HSBC | Charlene Liu | — | Upgrade | Hold → Buy | Get Alert |
07/15/2021 | Buy Now | 115.29% | HSBC | Charlene Liu | — | Downgrade | Buy → Hold | Get Alert |
07/14/2021 | Buy Now | 154.27% | CLSA | — | — | Upgrade | Outperform → Buy | Get Alert |
The latest price target for Melco Resorts and Enter (NASDAQ: MLCO) was reported by B of A Securities on May 29, 2024. The analyst firm set a price target for $10.40 expecting MLCO to rise to within 12 months (a possible 32.48% upside). 11 analyst firms have reported ratings in the last year.
The latest analyst rating for Melco Resorts and Enter (NASDAQ: MLCO) was provided by B of A Securities, and Melco Resorts and Enter upgraded their buy rating.
The last upgrade for Melco Resorts and Entertainment Ltd happened on May 29, 2024 when B of A Securities raised their price target to $10.4. B of A Securities previously had a neutral for Melco Resorts and Entertainment Ltd.
The last downgrade for Melco Resorts and Entertainment Ltd happened on January 2, 2024 when Morgan Stanley changed their price target from N/A to $9.6 for Melco Resorts and Entertainment Ltd.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Melco Resorts and Enter, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Melco Resorts and Enter was filed on May 29, 2024 so you should expect the next rating to be made available sometime around May 29, 2025.
While ratings are subjective and will change, the latest Melco Resorts and Enter (MLCO) rating was a upgraded with a price target of $7.50 to $10.40. The current price Melco Resorts and Enter (MLCO) is trading at is $7.85, which is within the analyst’s predicted range.
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