Melco Resorts & Entertainment Ltd – Recent Analyst Activity and Market Context
Melco Resorts & Entertainment Ltd (NASDAQ: MDEVF) has attracted renewed analyst attention following a series of rating upgrades and a price‑target adjustment. The most recent developments, occurring in mid‑February 2026, are summarized below.
Analyst Ratings and Price Targets
| Analyst | Rating | Price Target (HK$) | Comment |
|---|---|---|---|
| UBS (de.investing.com & www.investing.com ) | Buy | HK$5.60 (revised down from a higher target) | UBS maintained a Buy rating while lowering the target price, reflecting confidence in the company’s fundamentals despite a modest valuation adjustment. |
| CICC (markets.businessinsider.com) | Buy | HK$5.60 | CICC reaffirmed its Buy stance with a price target in line with UBS, signalling consensus among Chinese banks on the upside potential of Melco’s stock. |
The analyst consensus for Melco International (MDEVF) remains a Moderate Buy with an average target of HK$5.63. The latest ratings reinforce the view that the company’s earnings outlook is improving as Macau’s casino recovery continues.
Market Performance
- Close price (2026‑02‑12): USD 5.53
- 52‑week range (2025‑04‑07 to 2025‑09‑04): USD 4.55 – 10.15
- Market Capitalisation: USD 2.16 billion
- Price‑to‑Earnings Ratio: 21.04
The stock has traded within a moderate range during the past year, with a recent upward trend as analysts raise expectations. The price‑to‑earnings ratio of 21.04 suggests a valuation that is neither excessively high nor low relative to peer casino operators.
Company Overview
Melco Resorts & Entertainment Ltd is headquartered in Hong Kong and specialises in the development, ownership, and operation of casino gaming venues, as well as associated hospitality facilities such as restaurants and bars. Its primary market remains the Asian casino sector, with a strong presence in Macau.
Recent Corporate Actions
- On 2026‑02‑13, the company announced the conclusion of a strategic review of its Manila casino operations. The decision to end the review indicates confidence in the current strategic direction and suggests that management is focusing resources on core assets rather than pursuing further expansion in the Philippine market.
Implications for Investors
The consistent Buy ratings from both Western and Chinese analysts, coupled with a stable price target, indicate a positive outlook for Melco’s share price. Investors should monitor the company’s quarterly earnings reports for evidence of Macau’s recovery and any changes in regulatory or competitive dynamics that could affect casino revenue streams.
