NASDAQ:MLCO - Melco Resorts & Entertainment Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $23.21
  • Forecasted Upside: 25.55 %
  • Number of Analysts: 9
  • Breakdown:
  • 1 Sell Ratings
  • 1 Hold Ratings
  • 7 Buy Ratings
  • 0 Strong Buy Ratings
$18.49
▲ +0.03 (0.16%)
1 month | 3 months | 12 months
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Analyst Price Target for MLCO

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
$23.21
▲ +25.55% Upside Potential
This price target is based on 9 analysts offering 12 month price targets for Melco Resorts & Entertainment in the last 3 months. The average price target is $23.21, with a high forecast of $30.00 and a low forecast of $18.70. The average price target represents a 25.55% upside from the last price of $18.49.
Buy
The current consensus among 9 contributing investment analysts is to buy stock in Melco Resorts & Entertainment. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 11 buy ratings
  • 1 hold ratings
  • 1 sell ratings
6/7/2019
  • 0 strong buy ratings
  • 10 buy ratings
  • 1 hold ratings
  • 1 sell ratings
9/5/2019
  • 0 strong buy ratings
  • 9 buy ratings
  • 1 hold ratings
  • 1 sell ratings
12/4/2019
  • 0 strong buy ratings
  • 5 buy ratings
  • 0 hold ratings
  • 1 sell ratings
3/3/2020
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 1 sell ratings
6/1/2020
  • 0 strong buy ratings
  • 5 buy ratings
  • 0 hold ratings
  • 1 sell ratings
8/30/2020
  • 0 strong buy ratings
  • 6 buy ratings
  • 1 hold ratings
  • 1 sell ratings
10/29/2020
  • 0 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 1 sell ratings
11/28/2020

Latest Recommendations

  • 0 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 1 sell ratings

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
11/17/2020JPMorgan Chase & Co.Boost Price TargetOverweight$23.00 ➝ $25.00Low
i
11/5/2020Roth CapitalLower Price TargetBuy ➝ Positive$35.00 ➝ $30.00Medium
i
Rating by D. Bain at Roth Capital
9/21/2020Credit Suisse GroupDowngradeOutperform ➝ Neutral$24.60 ➝ $18.70High
i
9/16/2020Roth CapitalBoost Price TargetBuy$28.00 ➝ $35.00High
i
Rating by D. Bain at Roth Capital
9/11/2020BOCOM InternationalInitiated CoverageBuyMedium
i
8/20/2020CLSADowngradeBuy ➝ UnderperformMedium
i
8/7/2020Bank of AmericaReiterated RatingBuy$20.00High
i
Rating by Shaun Kelley at Bank of America Co.
6/5/2020UBS GroupBoost Price TargetBuy$19.60 ➝ $21.80High
i
5/17/2020NomuraReiterated RatingBuy$20.00High
i
4/30/2020NomuraReiterated RatingBuyMedium
i
2/21/2020Nomura SecuritiesLower Price TargetBuy$33.00 ➝ $27.00Low
i
9/13/2019UBS GroupBoost Price TargetBuy$25.60 ➝ $26.80High
i
9/6/2019CLSASet Price TargetBuy$26.00Low
i
Rating by Jonathan Galligan at CLSA
9/6/2019JPMorgan Chase & Co.Lower Price TargetOverweight$29.00 ➝ $25.00Low
i
8/13/2019Nomura SecuritiesReiterated RatingBuy$15.00Low
i
5/28/2019The Goldman Sachs GroupSet Price TargetBuy$27.00Low
i
Rating by Simon Cheung at The Goldman Sachs Group, Inc.
5/8/2019Nomura SecuritiesBoost Price TargetBuy$27.00 ➝ $30.00High
i
5/8/2019Wolfe ResearchDowngradeOutperform ➝ Peer PerformMedium
i
4/8/2019MacquarieInitiated CoverageOutperform ➝ Outperform$29.00 ➝ $25.10Low
i
2/20/2019Deutsche Bank AktiengesellschaftSet Price TargetBuy$24.00Low
i
Rating by Karen Tang at Deutsche Bank Aktiengesellschaft
2/20/2019Nomura SecuritiesBoost Price TargetBuy$27.00Medium
i
2/19/2019CLSAUpgradeUnderperform ➝ OutperformHigh
i
Rating by Jonathan Galligan at CLSA
2/19/2019China Renaissance SecuritiesUpgradeHold ➝ BuyHigh
i
1/23/2019Daiwa Capital MarketsInitiated CoverageOutperform ➝ OutperformMedium
i
1/23/2019JPMorgan Chase & Co.Boost Price Target$24.00Medium
i
1/3/2019CLSAUpgradeSell ➝ UnderperformHigh
i
Rating by Jonathan Galligan at CLSA
12/12/2018Credit Suisse GroupReiterated RatingOutperform ➝ OutperformHigh
i
12/11/2018Deutsche Bank AktiengesellschaftInitiated CoverageBuy$19.00Low
i
Rating by Karen Tang at Deutsche Bank Aktiengesellschaft
12/6/2018CitigroupSet Price TargetBuy$29.00High
i
Rating by Anil Daswani at Citigroup Inc.
10/16/2018HSBCSet Price TargetBuy$33.00Low
i
Rating by Charlene Liu at HSBC Holdings plc
9/17/2018Sanford C. BernsteinLower Price TargetOutperform$34.50 ➝ $27.00Low
i
9/12/2018UBS GroupDowngradeBuy ➝ NeutralHigh
i
7/24/2018Bank of AmericaReiterated RatingBuy$34.40 ➝ $35.10High
i
7/10/2018Wolfe ResearchUpgradeMarket Perform ➝ OutperformMedium
i
7/9/2018Nomura SecuritiesLower Price TargetBuy ➝ Buy$42.00 ➝ $32.00Low
i
2/26/2018CLSAInitiated CoverageOutperform ➝ OutperformMedium
i
2/4/2018The Goldman Sachs GroupUpgradeNeutral ➝ BuyLow
i
12/19/2017JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$32.00Medium
i
11/30/2017Daiwa Capital MarketsUpgradeHold ➝ Buy$32.00Low
i
11/3/2017Nomura SecuritiesBoost Price TargetBuy$29.00 ➝ $33.00N/A
i
11/1/2017Roth CapitalInitiated CoverageBuy ➝ Buy$34.00N/A
i
Rating by D. Bain at Roth Capital
9/19/2017Nomura SecuritiesUpgradeNeutral ➝ Buy$20.00 ➝ $29.00Low
i
9/19/2017Nomura InstinetUpgradeNeutral ➝ Buy$20.00 ➝ $29.00High
i
8/18/2017MacquarieLower Price TargetOutperform$26.00 ➝ $25.80Low
i
7/17/2017Nomura InstinetReiterated RatingNeutralMedium
i
7/12/2017Sanford C. BernsteinReiterated RatingOutperformMedium
i
7/10/2017UBS GroupReiterated RatingBuyLow
i
6/19/2017Nomura InstinetReiterated RatingNeutral$19.00 ➝ $20.00Low
i
5/24/2017Sanford C. BernsteinReiterated RatingOutperformLow
i
5/15/2017AegisBoost Price TargetBuy$25.00 ➝ $27.00N/A
i
5/7/2017Nomura SecuritiesReiterated RatingHold$19.00High
i
5/5/2017AegisBoost Price TargetBuy$25.00 ➝ $27.00Low
i
5/4/2017Credit Suisse GroupSet Price TargetBuy$23.00Low
i
Rating by Kenneth Fong at Credit Suisse Group AG
4/24/2017Union Gaming ResearchUpgradeBuy$18.00Medium
i
4/24/2017UBS GroupUpgradeHold ➝ BuyN/A
i
4/6/2017Wells Fargo & CompanyReiterated RatingNeutralLow
i
4/3/2017Sanford C. BernsteinReiterated RatingBuy$21.50Low
i
Rating by Vitaly Umansky at Sanford C. Bernstein
3/28/2017Wolfe ResearchReiterated RatingMarket PerformMedium
i
3/21/2017Wells Fargo & CompanyReiterated RatingNeutralLow
i
2/16/2017Deutsche Bank AktiengesellschaftSet Price TargetBuy$23.00N/A
i
Rating by Karen Tang at Deutsche Bank Aktiengesellschaft
2/16/2017Credit Suisse GroupSet Price TargetBuy$23.00N/A
i
Rating by Kenneth Fong at Credit Suisse Group AG
2/16/2017AegisReiterated RatingBuy$23.00N/A
i
2/13/2017Morgan StanleyUpgradeEqual Weight ➝ Overweight$19.00N/A
i
1/30/2017AegisReiterated RatingBuy$23.00N/A
i
1/25/2017Nomura SecuritiesUpgradeReduce ➝ NeutralN/A
i
1/25/2017Wells Fargo & CompanyReiterated RatingMarket PerformN/A
i
1/25/2017Nomura InstinetUpgradeReduce ➝ Neutral$14.00 ➝ $16.00N/A
i
1/19/2017Sanford C. BernsteinReiterated RatingOutperformN/A
i
Rating by Vitaly Umansky at Sanford C. Bernstein
1/9/2017Bank of AmericaUpgradeNeutral ➝ Buy$19.50 ➝ $22.30N/A
i
1/5/2017Wells Fargo & CompanyReiterated RatingMarket PerformN/A
i
12/22/2016AegisInitiated CoverageBuy$12.86 ➝ $22.00N/A
i
12/16/2016UBS GroupUpgradeNeutral ➝ BuyN/A
i
12/13/2016Sanford C. BernsteinReiterated RatingBuyN/A
i
Rating by Vitaly Umansky at Sanford C. Bernstein
12/10/2016Wells Fargo & CompanyReiterated RatingNeutralN/A
i
12/2/2016Sanford C. BernsteinReiterated RatingOutperformN/A
i
11/30/2016CitigroupReiterated RatingBuyN/A
i
11/21/2016Credit Suisse GroupUpgradeNeutral ➝ OutperformN/A
i
11/7/2016Wells Fargo & CompanyReiterated RatingNeutral$13.00 ➝ $17.00N/A
i
Rating by Cameron Mcknight at Wells Fargo & Company
10/10/2016Wells Fargo & CompanyReiterated RatingNeutralN/A
i
Rating by Cameron Mcknight at Wells Fargo & Company
10/5/2016The Goldman Sachs GroupReiterated RatingNeutralN/A
i
9/9/2016Deutsche Bank AktiengesellschaftUpgradeHold ➝ Buy$14.00 ➝ $17.00N/A
i
9/8/2016MacquarieInitiated CoverageOutperformN/A
i
Rating by Kai Tan at Macquarie
8/28/2016BNP ParibasReiterated RatingSellN/A
i
8/11/2016Buckingham ResearchInitiated CoverageNeutral$15.50N/A
i
8/5/2016JPMorgan Chase & Co.Lower Price TargetNeutral$16.00 ➝ $14.00N/A
i
7/7/2016Credit Suisse GroupReiterated RatingHold$13.40N/A
i
Rating by Kenny Lau at Credit Suisse Group AG
6/8/2016Sanford C. BernsteinReiterated RatingOutperformN/A
i
6/8/2016The Goldman Sachs GroupReiterated RatingNeutral$16.40 ➝ $16.80N/A
i
6/4/2016Wells Fargo & CompanyReiterated RatingHoldN/A
i
Rating by Cameron Mcknight at Wells Fargo & Company
6/3/2016Daiwa Capital MarketsDowngradeOutperform ➝ HoldN/A
i
6/2/2016Morgan StanleyDowngradeOverweight ➝ Equal Weight$16.50 ➝ $15.50N/A
i
Rating by Praveen Choudhary at Morgan Stanley
5/19/2016Credit Suisse GroupReiterated RatingNeutralN/A
i
Rating by Kenny Lau at Credit Suisse Group AG
5/16/2016Sterne Agee CRTReiterated RatingBuyN/A
i
Rating by David Bain at Sterne Agee CRT
5/9/2016The Goldman Sachs GroupReiterated RatingNeutralN/A
i
5/5/2016UBS GroupDowngradeBuy ➝ HoldN/A
i
5/5/2016Nomura SecuritiesLower Price TargetReduce$16.00 ➝ $14.00N/A
i
5/5/2016JPMorgan Chase & Co.Reiterated RatingNeutralN/A
i
4/18/2016Sterne Agee CRTReiterated RatingBuy$22.50 ➝ $20.00N/A
i
Rating by David Bain at Sterne Agee CRT
4/4/2016Credit Suisse GroupDowngradeOutperform ➝ NeutralN/A
i
Rating by Kenny Lau at Credit Suisse Group AG
4/1/2016Deutsche Bank AktiengesellschaftReiterated RatingHoldN/A
i
Rating by Karen Tang at Deutsche Bank Aktiengesellschaft
3/17/2016MacquarieUpgradeUnderperform ➝ NeutralN/A
i
3/11/2016Morgan StanleyReiterated RatingOutperformN/A
i
Rating by Praveen Choudhary at Morgan Stanley
3/11/2016Wells Fargo & CompanyReiterated RatingMarket PerformN/A
i
Rating by Cameron Mcknight at Wells Fargo & Company
2/20/2016Credit Suisse GroupReiterated RatingOutperformN/A
i
Rating by Kenny Lau at Credit Suisse Group AG
2/20/2016Bank of AmericaReiterated RatingNeutral$21.60 ➝ $21.40N/A
i
2/1/2016Sanford C. BernsteinReiterated RatingOutperformN/A
i
2/1/2016Morgan StanleyReiterated RatingOutperformN/A
i
Rating by Praveen Choudhary at Morgan Stanley
1/31/2016Wells Fargo & CompanyReiterated RatingMarket PerformN/A
i
Rating by Cameron Mcknight at Wells Fargo & Company
1/19/2016Nomura SecuritiesLower Price Target$17.00 ➝ $16.00N/A
i
1/11/2016Morgan StanleyUpgradeEqual Weight ➝ Overweight$16.50N/A
i
Rating by Praveen Choudhary at Morgan Stanley
1/5/2016MacquarieLower Price TargetUnderperform$14.00 ➝ $13.90N/A
i
1/1/2016GabelliReiterated RatingBuyN/A
i
12/31/2015Wells Fargo & CompanyReiterated RatingHoldN/A
i
Rating by Sharon Stein at Wells Fargo & Company
12/28/2015Sterne Agee CRTReiterated RatingBuyN/A
i
Rating by David Bain at Sterne Agee CRT
12/22/2015Sterne Agee CRTReiterated RatingBuy$22.50N/A
i
12/9/2015GabelliInitiated CoverageBuy$21.00N/A
i
Rating by A. Trivison at Gabelli
(Data available from 11/29/2015 forward)
Melco Resorts & Entertainment logo
Melco Resorts & Entertainment Limited, through its subsidiaries, develops, owns, and operates casino gaming and entertainment casino resort facilities in Asia. It owns and operates City of Dreams, an integrated casino resort that has 500 gaming tables and 800 gaming machines; approximately 1,400 hotel rooms and suites; a wet stage performance theater with approximately 2,000 seats; approximately 30 restaurants and bars, and 150 retail outlets; and recreation and leisure facilities, including health and fitness clubs, swimming pools, spa and salons, and banquet and meeting facilities. The company also operates Altira Macau, a casino hotel, which has approximately 112 gaming tables and 56 gaming machines; 230 hotel rooms; various fine dining and casual restaurants, and recreation and leisure facilities; and various non-gaming amenities comprising spa, gymnasium, outdoor garden podium, and sky terrace lounge. In addition, it operates Studio City, a cinematically-themed integrated entertainment, retail, and gaming resort that comprises 280 gaming tables and 980 gaming machines in Cotai, Macau. Further, the company owns and operates 7 Mocha Clubs with 1,034 gaming machines, as well as Taipa Square casino in Taipa Island, Macau. Additionally, it operates and manages City of Dreams Manila, a casino, hotel, retail, and entertainment integrated resort in the Entertainment City complex in Manila. The company was formerly known as Melco Crown Entertainment Limited and changed its name to Melco Resorts & Entertainment Limited in April 2017. Melco Resorts & Entertainment Limited was incorporated in 2004 and is based in Central, Hong Kong. As of February 16, 2017, Melco Resorts & Entertainment Limited operates as a subsidiary of Melco Leisure and Entertainment Group Limited.
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Today's Range

Now: $18.49
$18.47
$18.85

50 Day Range

MA: $16.66
$14.63
$19.09

52 Week Range

Now: $18.49
$10.81
$25.22

Volume

918,712 shs

Average Volume

3,339,992 shs

Market Capitalization

$8.50 billion

P/E Ratio

N/A

Dividend Yield

0.87%

Beta

1.81