Melco Resorts & Entertainment Limited (NASDAQ:MLCO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Posted by Brenda Bartman on Jun 9th, 2026

Melco Resorts & Entertainment Limited (NASDAQ:MLCO – Get Free Report) has received an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $8.96.

A number of brokerages recently commented on MLCO. CICC Research upgraded shares of Melco Resorts & Entertainment to an “outperform” rating in a research note on Sunday, April 19th. Wall Street Zen downgraded shares of Melco Resorts & Entertainment from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. UBS Group upgraded shares of Melco Resorts & Entertainment from a “neutral” rating to a “buy” rating and set a $9.50 target price for the company in a research note on Monday, February 16th. Finally, CLSA downgraded shares of Melco Resorts & Entertainment from an “outperform” rating to a “hold” rating and set a $6.10 price objective for the company. in a research note on Friday.

Check Out Our Latest Analysis on Melco Resorts & Entertainment

Hedge Funds Weigh In On Melco Resorts & Entertainment

Large investors have recently bought and sold shares of the stock. Parallel Advisors LLC boosted its stake in Melco Resorts & Entertainment by 1,370.8% in the first quarter. Parallel Advisors LLC now owns 5,045 shares of the company’s stock valued at $29,000 after acquiring an additional 4,702 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in Melco Resorts & Entertainment in the fourth quarter valued at $48,000. Quarry LP acquired a new position in Melco Resorts & Entertainment in the third quarter valued at $68,000. Hilton Head Capital Partners LLC acquired a new position in Melco Resorts & Entertainment in the fourth quarter valued at $63,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Melco Resorts & Entertainment in the second quarter valued at $71,000. Institutional investors and hedge funds own 39.62% of the company’s stock.

Melco Resorts & Entertainment Trading Up 4.4%

Shares of MLCO stock opened at $5.95 on Thursday. The firm has a fifty day moving average price of $5.63 and a 200 day moving average price of $6.44. The company has a market cap of $2.31 billion, a P/E ratio of 10.26, a PEG ratio of 3.16 and a beta of 0.58. Melco Resorts & Entertainment has a 12 month low of $5.18 and a 12 month high of $10.15.

Melco Resorts & Entertainment Company Profile

(Get Free Report)

Melco Resorts & Entertainment Limited (NASDAQ: MLCO) is a developer, owner and operator of integrated resort destinations in Asia and Europe. The company’s portfolio spans casino gaming, hotel accommodations, retail, dining and entertainment facilities. Melco’s properties feature a mix of luxury hotels, award-winning restaurants, high-limit gaming salons and entertainment venues, catering to a broad range of leisure and business travelers.

In Macau, Melco owns and operates flagship properties including City of Dreams Macau, Altira Macau and Studio City.