Melco Resorts & Entertainment Limited (NASDAQ:MLCO) is rated a ‘Buy’ by 69% of analysts, with a median price target of $11.38, indicating a potential 42.54% upside. BofA raised its price target to $9.50, expecting Melco to resume dividends in FY26 and FY27 at 7c and 30c per ADS, respectively.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) plans to close two Mocha Clubs and relocate gaming machines in Macau. The Countdown Hotel is set to open in 2026, enhancing the company’s offerings. Lawrence Ho, Chairman and CEO, aims to upgrade retail and food and beverage to elevate the customer experience.

Founded in 2004, Melco Resorts & Entertainment Limited (NASDAQ:MLCO) operates various casino and resort facilities in Hong Kong, including City of Dreams and Studio City. While MLCO shows promise as an investment, some AI stocks may offer higher potential returns. Check out a free report on the best short-term AI stock for more insights.

Read more at Yahoo Finance: Dividend Plans Add a New Angle to Melco Resorts & Entertainment Limited (MLCO)’s Story