Morgan Stanley Downgrades Melco Resorts to 'Hold'
Morgan Stanley issued a 'hold' rating for Melco Resorts, setting a $6 price target, a 9.69% upside from the current price.
Key Points
- Morgan Stanley downgraded Melco Resorts & Entertainment Limited to a 'hold' rating with a price target of $6, announced on June 22, 2026.
- Morgan Stanley's $6 price target implies 9.69% upside from Melco Resorts & Entertainment Limited's ($MLCO) current $5.47 share price.
- Shares of Melco Resorts, trading on NasdaqGS under the ticker MLCO, were priced at $5.53 on Tuesday, with a market cap of approximately $2.06 billion.
- Recent insider trading activity included significant purchases by executives, while institutional investors like ARGA Investment Management reduced their positions.
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Morgan Stanley has downgraded Melco Resorts & Entertainment Limited (NasdaqGS: MLCO) to a 'hold' rating, setting a price target of $6. This change was announced on June 22, 2026, by analyst Praveen Choudhary. On the same day, Melco's shares were trading at $5.53.
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Melco Resorts & Entertainment Limited Stock Up 2.8%
Shares of Melco Resorts, listed on the NasdaqGS, traded near $5.53 on Tuesday. The company has a market cap of about $2.06 billion, with a P/E ratio of 9.14 and a forward P/E of 6.32. The stock's 52-week range has been between $5.19 and $10.15, and it has a 50-day moving average of $5.61 and a 200-day moving average of $7.05.
$MLCO price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at Melco Resorts & Entertainment Limited
Recent insider activity at Melco Resorts saw several executives buying shares. On May 8, 2026, CEO Lawrence Yau Lung Ho purchased 4,692,735 shares, while President Evan Andrew Winkler bought 4,629,888 shares. CFO Geoffrey Stuart Davis also acquired 1,040,499 shares on the same day. These transactions were not planned under Rule 10b5-1.
Analysts Set New Price Targets
On June 22, 2026, Morgan Stanley downgraded Melco Resorts to a 'hold' rating with a $6 price target. Earlier this year, on January 16, JP Morgan also downgraded the stock to 'hold' with a target of $7.7. The consensus among analysts is a 'hold' rating, with a mean target price of $7.99 based on 12 opinions.
About Melco Resorts & Entertainment Limited
Melco Resorts & Entertainment Limited is a company based in Central, Hong Kong, operating in the consumer cyclical sector, specifically in resorts and casinos. It develops and operates casino gaming and resort facilities in several locations, including Macau, the Philippines, and Cyprus. With a workforce of approximately 22,961 employees, Melco runs notable properties like City of Dreams and Studio City in Macau, and City of Dreams Manila in the Philippines. The company is led by CEO Mr. Yau Lung Ho.
Bottom Line
Morgan Stanley's rating change reflects a cautious outlook for Melco Resorts, with a new price target of $6. Investors often track such analyst updates for insights into potential stock performance. While these analyst opinions provide a snapshot based on available data, they are backward-looking and may not reflect future developments.
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