$6.19
-0.01[-0.16%]
At close: Apr 24
$6.19
0[0.00%]
After Hours: 7:02PM EDT
Melco Resorts and Enter
(NASDAQ:MLCO)Melco Resorts and Enter Stock (NASDAQ:MLCO), Analyst Ratings, Price Targets, Predictions
Melco Resorts and Entertainment Ltd has a consensus price target of $13.05, established from looking at the 18 latest analyst ratings. The last 3 analyst ratings were released from Seaport Global, B of A Securities, and Morgan Stanley on April 15, 2024, March 12, 2024, and January 2, 2024. With an average price target of $9.33 between Seaport Global, B of A Securities, and Morgan Stanley, there's an implied 50.78% upside for Melco Resorts and Entertainment Ltd from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Seaport Global
B of A Securities
Morgan Stanley
Susquehanna
Macquarie
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Melco Resorts and Enter
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 04/15/2024 | MLCO | Buy Now | Melco Resorts and Enter | $6.19 | 61.55% | Seaport Global | Vitaly Umansky | → $10 | Initiates | → Buy | Get Alert |
| 03/12/2024 | MLCO | Buy Now | Melco Resorts and Enter | $6.19 | 35.7% | B of A Securities | Ronald Leung | $10 → $8.4 | Maintains | Neutral | Get Alert |
| 01/02/2024 | MLCO | Buy Now | Melco Resorts and Enter | $6.19 | 55.09% | Morgan Stanley | Praveen Choudhary | → $9.6 | Downgrade | Overweight → Equal-Weight | Get Alert |
| 12/15/2023 | MLCO | Buy Now | Melco Resorts and Enter | $6.19 | 142.33% | Susquehanna | Joseph Stauff | → $15 | Initiates | → Positive | Get Alert |
| 07/18/2023 | MLCO | Buy Now | Melco Resorts and Enter | $6.19 | 163.33% | Macquarie | Zibo Chen | → $16.3 | Initiates | → Outperform | Get Alert |
| 06/28/2023 | MLCO | Buy Now | Melco Resorts and Enter | $6.19 | 126.17% | B of A Securities | Ronald Leung | $16 → $14 | Downgrade | Buy → Neutral | Get Alert |
| 06/20/2023 | MLCO | Buy Now | Melco Resorts and Enter | $6.19 | 194.02% | Credit Suisse | Kenneth Fong | $14 → $18.2 | Upgrade | Neutral → Outperform | Get Alert |
| 11/28/2022 | MLCO | Buy Now | Melco Resorts and Enter | $6.19 | 61.55% | JP Morgan | Joseph Greff | $7 → $10 | Upgrade | Neutral → Overweight | Get Alert |
| 10/17/2022 | MLCO | Buy Now | Melco Resorts and Enter | $6.19 | — | Credit Suisse | Kenneth Fong | — | Downgrade | Outperform → Neutral | Get Alert |
| 09/26/2022 | MLCO | Buy Now | Melco Resorts and Enter | $6.19 | 85.78% | Citigroup | George Choi | $11 → $11.5 | Maintains | Buy | Get Alert |
| 07/05/2022 | MLCO | Buy Now | Melco Resorts and Enter | $6.19 | 77.71% | Citigroup | George Choi | $12.5 → $11 | Maintains | Buy | Get Alert |
| 05/06/2022 | MLCO | Buy Now | Melco Resorts and Enter | $6.19 | 24.88% | CLSA | Jonathan Galligan | $7.84 → $7.73 | Upgrade | Outperform → Buy | Get Alert |
| 12/14/2021 | MLCO | Buy Now | Melco Resorts and Enter | $6.19 | 110.02% | Morgan Stanley | Praveen Choudhary | — | Upgrade | Equal-Weight → Overweight | Get Alert |
| 09/16/2021 | MLCO | Buy Now | Melco Resorts and Enter | $6.19 | 61.55% | JP Morgan | Joseph Greff | — | Downgrade | Overweight → Neutral | Get Alert |
| 07/28/2021 | MLCO | Buy Now | Melco Resorts and Enter | $6.19 | 173.02% | HSBC | Charlene Liu | — | Upgrade | Hold → Buy | Get Alert |
| 07/15/2021 | MLCO | Buy Now | Melco Resorts and Enter | $6.19 | 173.02% | HSBC | Charlene Liu | — | Downgrade | Buy → Hold | Get Alert |
| 07/14/2021 | MLCO | Buy Now | Melco Resorts and Enter | $6.19 | 222.46% | CLSA | — | — | Upgrade | Outperform → Buy | Get Alert |
| 05/24/2021 | MLCO | Buy Now | Melco Resorts and Enter | $6.19 | 174.64% | Morgan Stanley | Praveen Choudhary | — | Downgrade | Overweight → Equal-Weight | Get Alert |
FAQ
What is the target price for Melco Resorts and Enter (MLCO)?
The latest price target for Melco Resorts and Enter (NASDAQ: MLCO) was reported by Seaport Global on April 15, 2024. The analyst firm set a price target for $10.00 expecting MLCO to rise to within 12 months (a possible 61.55% upside). 7 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Melco Resorts and Enter (MLCO)?
The latest analyst rating for Melco Resorts and Enter (NASDAQ: MLCO) was provided by Seaport Global, and Melco Resorts and Enter initiated their buy rating.
When was the last upgrade for Melco Resorts and Enter (MLCO)?
The last upgrade for Melco Resorts and Entertainment Ltd happened on June 20, 2023 when Credit Suisse raised their price target to $18.2. Credit Suisse previously had a neutral for Melco Resorts and Entertainment Ltd.
When was the last downgrade for Melco Resorts and Enter (MLCO)?
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.
When is the next analyst rating going to be posted or updated for Melco Resorts and Enter (MLCO)?
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 April 15, 2024 so you should expect the next rating to be made available sometime around April 15, 2025.
Is the Analyst Rating Melco Resorts and Enter (MLCO) correct?
While ratings are subjective and will change, the latest Melco Resorts and Enter (MLCO) rating was a initiated with a price target of $0.00 to $10.00. The current price Melco Resorts and Enter (MLCO) is trading at is $6.19, which is within the analyst’s predicted range.
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