On July 1, 2025, JP Morgan analyst Joseph Greff provided an update on Melco Resorts and Entertainment, Inc. (MLCO, Financial), announcing a significant change in the stock's outlook. The investment bank upgraded MLCO from a 'Neutral' rating to 'Overweight', indicating increased confidence in the company's potential for performance in the market.
Alongside the rating change, JP Morgan also raised the price target for MLCO significantly. The previous target was set at $7.20 USD, and it has now been adjusted to $9.50 USD. This adjustment reflects a substantial increase of 31.94%, suggesting a positive outlook on the company's future growth prospects.
This update emphasizes JP Morgan's revised expectations for Melco Resorts and Entertainment, Inc. (MLCO, Financial) and signals a strong endorsement from one of the leading investment analysts. Investors and stakeholders in MLCO will likely find this upgrade noteworthy as it underscores the potential value increase of the stock.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for Melco Resorts and Entertainment Ltd (MLCO, Financial) is $7.23 with a high estimate of $8.60 and a low estimate of $4.60. The average target implies an upside of 0.18% from the current price of $7.22. More detailed estimate data can be found on the Melco Resorts and Entertainment Ltd (MLCO) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, Melco Resorts and Entertainment Ltd's (MLCO, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Melco Resorts and Entertainment Ltd (MLCO, Financial) in one year is $14.92, suggesting a upside of 106.65% from the current price of $7.22. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Melco Resorts and Entertainment Ltd (MLCO) Summary page.
