CICC cuts target for Melco Resorts stock to USD 4

Published on 10/20/2026 at 20:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue fell 5.70 percent in the second quarter. Melco Resorts stock costs EUR 3.68 on October 20, 2026 versus Nasdaq's USD 4.11 close.

CICC target set at USD 4

CICC cut its Melco Resorts target to USD 4 on October 19, 2026.
Second-quarter revenue fell 5.70 percent year over year to USD 1.25 billion.
Melco Resorts stock costs EUR 3.68 at Lang & Schwarz on October 20, 2026 at 8:11 p.m. CEST.
Melco Resorts is scheduled to report quarterly results on November 5, 2026.

MLCO, US5854641009, Illustration mit AI erstellt.

Melco Resorts & Entertainment Limited (US5854641009) faces a lower analyst valuation after CICC cut its target to USD 4 on October 19, 2026, according to Yahoo Finance. The stock stood at EUR 3.68 at Lang & Schwarz on October 20, 2026 at 8:11 p.m. CEST.

Second-quarter revenue fell 5.70 percent

Melco reported USD 1.25 billion in revenue for the second quarter of 2026, down 5.70 percent from the same period a year earlier. Its adjusted earnings per share reached USD 0.06 against a consensus estimate of USD 0.09, according to Investing.com. The comparison leaves revenue as the clearest operating pressure point in the latest reported period.

Stock trades near its yearly low

Nasdaq data put MLCO at USD 4.13 on October 20, 2026 at 2:15 p.m. ET, with a 52-week range of USD 4.04 to USD 9.53. The market capitalization was USD 1.6 billion, while the price-to-earnings ratio was 6.90. The lower end of that range is only USD 0.09 below the Nasdaq price.

The prior Nasdaq close was USD 4.11 on October 19, 2026. Global Banking and Finance identifies Melco Resorts as MLCO on Nasdaq and assigns ISIN US5854641009 to the company.

Target cut meets an earnings date

The CICC target of USD 4 sits below the Nasdaq price of USD 4.13, a gap of 3.15 percent. The next scheduled quarterly report is November 5, 2026 at 12:30 p.m. UTC, according to Yahoo Finance. That date gives the market a defined checkpoint after the latest target revision and the second-quarter revenue decline.

Comparison with peers

Melco Resorts: price-to-earnings ratio 6.90, market capitalization USD 1.6 billion. Wynn Resorts (Nasdaq, USD): price-to-earnings ratio 18.47, market capitalization USD 7.9 billion. Las Vegas Sands (NYSE, USD): price-to-earnings ratio 14.78, market capitalization USD 24.6 billion.

What the valuation leaves open

Melco's lower price-to-earnings ratio reflects a different earnings profile from the larger US casino groups. The latest quarter combined USD 1.25 billion in revenue with USD 22.66 million in net income, so the November report will test whether Macau operations can improve the earnings conversion.

At Lang & Schwarz, Melco Resorts stock was trading at EUR 3.68 on October 20, 2026 at 8:11 p.m. CEST. On Nasdaq, the stock was at USD 4.13 on October 20, 2026 at 2:15 p.m. ET.

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