CLSA has upgraded Melco Resorts & Entertainment Ltd (MLCO) from Hold to Outperform, reflecting a more optimistic outlook on the company's future prospects. This change in rating, effective September 2, 2025, comes as Melco's current stock price stands at $8.68.
Melco Resorts, which operates casinos and entertainment facilities in Macau and the Philippines, employs 21,784 full-time staff. The firm manages three casinos in Macau: City of Dreams, Altira Macau, and Studio City. Analysts suggest that the upgrade may indicate improved fundamentals or enhanced confidence in the company's strategic direction.
As of November 20, 2025, Melco Resorts has a market capitalization of $3.4 billion, with a price-to-earnings ratio of 59.99 and an earnings per share of $0.05. Upcoming earnings announcements include estimates of $0.27 per share on revenue of $1.4 billion for July 29, 2026, and $0.15 per share on revenue of $1.3 billion for May 6, 2026.
Analyst ratings serve as professional opinions based on extensive research. While they provide valuable insights, they should not be the sole basis for investment decisions. Factors such as company fundamentals, competitive positioning, and industry trends must also be considered. Analyst opinions can evolve as new information becomes available, and consensus ratings currently show 3 Strong Buy, 11 Buy, and 5 Hold ratings among 19 total analysts.