Analysts Lower Melco Resorts Price Target to $6.14 While Maintaining Buy Rating
Wall Street analysts have lowered their average 12-month price target for Melco Resorts & Entertainment Limited (MLCO) to $6.14 per share, down slightly from $6.19. A group of 13 analysts provided estimates ranging between $4.00 and $8.50 per share.
Despite the slight reduction in the average target, overall analyst sentiment toward the resort operator remains positive. Across 15 covering analysts, the consensus rating stays at buy, comprising 9 buy ratings, 6 hold recommendations, and no sell ratings. Based on the October 16 closing price, the revised price target represents potential upside of about 48 percent.
Shares of the company were trading at $4.11, down 0.96 percent for the day. Investors will continue to monitor whether future quarterly performance and regional travel trends support the stock's path toward Wall Street targets.
Key points
- Analysts reduced the 12-month average price target for Melco Resorts & Entertainment Limited from $6.19 to $6.14.
- Individual price targets among 13 analysts range from $4.00 to $8.50 per share.
- The consensus recommendation remains a buy among 15 analysts, with 9 buy ratings, 6 holds, and zero sells.
- The updated target indicates approximately 48 percent upside compared to the October 16 closing price.
- Melco Resorts shares traded at $4.11, down 0.96 percent on the day.
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How we writeDisclaimerQuestions and answers
What is the new price target for Melco Resorts stock?
The average 12-month price target for Melco Resorts stock was lowered to $6.14 per share from $6.19, with individual forecasts ranging between $4.00 and $8.50.
What is the consensus analyst rating for Melco Resorts?
The consensus rating remains a buy among 15 covering analysts, featuring 9 buy ratings, 6 hold ratings, and zero sell ratings.
How much upside does the updated price target suggest for Melco Resorts?
Based on the October 16 closing price, the $6.14 price target implies approximately 48 percent potential upside for the stock.