Citigroup sets USD 9.40 target for Melco Resorts & Entertainment stock

Published on 10/15/2026 at 20:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net income reached USD 22.66 million in the second quarter, up 32.00 percent. Melco Resorts & Entertainment stock is EUR 3.83 on October 15, 2026.

Analyst target and earnings

Citigroup initiated coverage with a USD 9.40 target on October 12, 2026.
Melco Resorts reported USD 22.66 million of net income for the second quarter of 2026.
Melco Resorts & Entertainment stock stood at EUR 3.83 at Lang & Schwarz on October 15, 2026 at 8:17 p.m. CEST.
The stock carried a P/E ratio of 7.14 and a market capitalization of USD 1.6 billion.

MLCO, US5854641009, Illustration mit AI erstellt.

Citigroup initiated coverage of Melco Resorts & Entertainment with a Buy rating and a USD 9.40 price target on October 12, 2026, according to MarketBeat. Melco Resorts & Entertainment stock was at EUR 3.83 at Lang & Schwarz on October 15, 2026 at 8:17 p.m. CEST.

Second-quarter earnings add context

Melco Resorts reported USD 1.25 billion in revenue for the second quarter of 2026, down 5.70 percent from the year-earlier period. Net income reached USD 22.66 million, up 32.00 percent from the second quarter of 2025, according to Simply Wall St. The combination leaves revenue under pressure while profit remains positive.

Price position and trading activity

The Lang & Schwarz quote stood at EUR 3.83 at 8:17 p.m. CEST on October 15, 2026. The primary Nasdaq quote was USD 4.28 at 6:28 p.m. UTC, equivalent to 2:28 p.m. ET, while trading was open. The Nasdaq quote was up 1.79 percent on its own session.

Melco Resorts & Entertainment had a USD 4.06 52-week low and a USD 9.53 52-week high. The current USD 4.28 primary-market quote stood 55.09 percent below the high and 5.42 percent above the low. Trading volume was 959,026 shares against an average of 1,755,637 shares.

Valuation and next results

The company had a market capitalization of USD 1.6 billion and a P/E ratio of 7.14. Its dividend yield was 0.00 percent. MarketBeat reported a consensus price target of USD 7.27 from 10 analysts, alongside a Moderate Buy consensus, on October 12, 2026.

Melco Resorts & Entertainment is estimated to report third-quarter 2026 results on November 5, 2026, before the market opens, with a conference call scheduled for 8:30 a.m. ET, according to MarketBeat.

Comparison with peers

Melco Resorts (Nasdaq, USD): P/E 7.14, market capitalization USD 1.6 billion

MGM Resorts International (NYSE, USD): plus 1.26 percent, P/E 17.77, market capitalization USD 7.4 billion

Las Vegas Sands (NYSE, USD): plus 2.92 percent, P/E 14.82, market capitalization USD 24.7 billion

Stock remains near its yearly low

Melco Resorts combines casino gaming with hotels, dining, retail and entertainment across Macau, the Philippines, Cyprus and other markets. The valuation is lower than those of the two named US casino peers, while the company enters its next reporting window with a wide gap between the current price and the USD 9.53 yearly high. Citigroup's new USD 9.40 target adds a fresh benchmark, but the second-quarter revenue decline keeps operating performance central to the upcoming report.

The further course of trading is shown by the continuously updated real-time quote of Melco Resorts stock.