Melco Resorts & Entertainment Ltd (MLCO) Stock AnalysisMLCOStock AnalysisMelco Resorts & Entertainment Ltd

Melco Resorts & Entertainment Ltd is an investment holding company principally engaged in the development and operation of resort facilities. The Company is mainly involved in the provision of casinos, hotel rooms, food and beverage, as well as entertainment, retail and other services. The Company operates casinos under the names of City of Dreams, Studio City, Altira Macau, City of Dreams Manila, City of Dreams Mediterranean and others. The Company also operates electronic gaming machines through Mocha Clubs. In addition, the Company offers hotel management services. The Company operates its business in Asia and Europe. It operates in the Consumer Cyclicals sector (HOTELS AND MOTELS industry).

Melco Resorts & Entertainment Ltd is not a good buy right now due to its declining performance and negative analyst sentiment. The current price is $5.32, which is significantly below the recent analyst price targets, with Susquehanna lowering its target to $8. Additionally, the stock has a 1-year change of -46.80%, indicating a substantial decline over the past year, which raises concerns about its recovery potential. The main risk is the negative sentiment in the Macau gaming market, as evidenced by an 8.4% year-on-year decline in July gaming revenue, which could further impact Melco's performance.

19 analysts cover MLCO: 15 rate it Buy, 4 Hold and 0 Sell. The average price target is 11.21.