Goldman Sachs analyst Simon Cheung maintained a Buy rating on Melco Resorts & Entertainment today and set a price target of $11.80. The company’s shares closed yesterday at $7.78.
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Cheung covers the Consumer Cyclical sector, focusing on stocks such as Trip.com Group Sponsored ADR, Melco Resorts & Entertainment, and SJM Holdings. According to TipRanks, Cheung has an average return of 0.0% and a 50.00% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Melco Resorts & Entertainment with a $10.64 average price target, implying a 36.76% upside from current levels. In a report released yesterday, Citi also maintained a Buy rating on the stock with a $12.55 price target.
The company has a one-year high of $10.15 and a one-year low of $4.55. Currently, Melco Resorts & Entertainment has an average volume of 2.78M.
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