Is Melco Resorts & Entertainment Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 1 Wall Street analyst covering (NASDAQ: MLCO) stock is to Strong Buy MLCO stock.
Out of 1 analyst, 1 (100%) are recommending MLCO as a Strong Buy, 0 (0%) are recommending MLCO as a Buy, 0 (0%) are recommending MLCO as a Hold, 0 (0%) are recommending MLCO as a Sell, and 0 (0%) are recommending MLCO as a Strong Sell.
What is MLCO's forecast return on equity (ROE) for 2023-2024?
(NASDAQ: MLCO) forecast ROE is -137.74%, which is considered weak.
What is MLCO's Price Target?
According to 1 Wall Street analyst that have issued a 1 year MLCO price target, the average MLCO price target is $10.00, with the highest MLCO stock price forecast at $10.00 and the lowest MLCO stock price forecast at $10.00.
The Wall Street analyst predicted that Melco Resorts & Entertainment's share price could fall to $10.00 by Nov 28, 2023. The average Melco Resorts & Entertainment stock price prediction forecasts a potential downside of 9.75% from the current MLCO share price of $11.08.
What is MLCO's forecast return on assets (ROA) for 2023-2024?
(NASDAQ: MLCO) forecast ROA is 17.35%, which is higher than the forecast US Resorts & Casinos industry average of 5.62%.
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