Should You Buy Melco Resorts & Entertainment Ltd (MLCO) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/26
Melco Resorts & Entertainment Ltd (MLCO) is not a strong buy at the moment for a beginner, long-term investor. While the company shows promising financial growth and positive analyst ratings, the technical indicators suggest a bearish trend, and there are no strong proprietary trading signals or immediate catalysts to justify an entry at this time. Waiting for a more favorable technical setup or stronger signals would be prudent.
Technical Analysis
The technical indicators for MLCO are bearish. The MACD histogram is below 0 and negatively contracting, the RSI is neutral at 39.044, and the moving averages indicate a bearish trend (SMA_200 > SMA_20 > SMA_5). The stock is trading below its pivot level (6.418) and closer to its support levels (S1: 6.032, S2: 5.794), suggesting potential downside risk.
Analyst Ratings and Price Target Trends
Analysts are bullish on MLCO. Texas Capital initiated coverage with a Buy rating and a price target of $11.50, citing strong market opportunities and reduced risks in Macau. JPMorgan raised its price target to $11 with an Overweight rating, and BofA increased its target to $9.50, projecting a resumption of dividends by year-end 2026.
Wall Street analysts forecast MLCO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MLCO is 11.21 USD with a low forecast of 9.5 USD and a high forecast of 12.55 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast MLCO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MLCO is 11.21 USD with a low forecast of 9.5 USD and a high forecast of 12.55 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Current: 6.280
Current: 6.280
