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Goldman Sachs Keeps Their Buy Rating on Melco Resorts & Entertainment (MLCO)

Tipranks - Tipranks - Thu Jul 3, 2025

Goldman Sachs analyst Simon Cheung maintained a Buy rating on Melco Resorts & Entertainment today and set a price target of $9.00. The company’s shares opened today at $8.19.

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Cheung covers the Consumer Cyclical sector, focusing on stocks such as Samsonite International SA, Sands China, and Melco Resorts & Entertainment. According to TipRanks, Cheung has an average return of -2.1% and a 46.27% success rate on recommended stocks.

Melco Resorts & Entertainment has an analyst consensus of Moderate Buy, with a price target consensus of $7.04, representing a -14.04% downside. In a report released yesterday, J.P. Morgan also upgraded the stock to a Buy with a $9.50 price target.

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Based on Melco Resorts & Entertainment’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.19 billion and a GAAP net loss of $20.27 million. In comparison, last year the company earned a revenue of $1.09 billion and had a GAAP net loss of $156.55 million

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