MLCO Similar Chart Price Prediction
The price of MLCO is predicted to go up -6.14%, based on the high correlation periods with APLE. The similarity of these two price pattern on the periods is 92.44%.
MLCO
APLE
Down: -6.14%Similarity: 92.44%
MLCO Revenue Forecast
MLCO EPS Forecast
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MLCO VS S&P500
The Macao gaming sector is well positioned to benefit from China's reopening, which will allow the sector to restore its profitability meaningfully.
Melco's strengths rest in serving high-margin premium mass patrons, so we think the migration of former junket clients to the premium mass segment brings opportunity for Melco.
The development of the Studio City phase 2 project, which will include two hotel towers with a total of 900 rooms and suites, would help to maintain Melco's market share in the midcycle.
MLCO Analyst's Forecast
George Choi
Citigroup
Strong Buy → Hold
2025-02-10
Price Target
$10 → $6
Upside
+12.99%
Citi downgraded Melco Resorts to Neutral from Buy with a price target of $6, down from $10. Macau produced lower than anticipated gross gaming revenue in January, and the implementation of U.S. tariffs against China on February 1 has "dampened" gaming demand towards the end of the Chinee New Year Golden Week, the analyst tells investors in a research note. Citi expects this impact to continue throughout most of the first half of 2025. As such, Citi downgraded three Macau gaming names.
Praveen Choudhary
Morgan Stanley
Buy → Hold
2024-12-17
Price Target
$9.6 → $7.5
Upside
+18.3%
