We recently compiled a list of the 10 Best Cheap Stocks Under $10 to Buy in April. Melco Resorts & Entertainment Limited is among the best cheap stocks to invest in.
TheFly reported on March 26 that Morgan Stanley revised its outlook for MLCO, lowering the price target from $8.50 to $6.30 while retaining an Overweight rating. The firm also adjusted its industry view on Macau gaming from Attractive to In-Line. Although Macau’s gross gaming revenue is projected to grow faster than Singapore and Las Vegas in 2026, the bank expects MLCO and other Macau stocks to underperform in the near term due to anticipated corporate EBITDA growth of only 2%, below consensus estimates and weaker than 2025. The firm forecasts overall Macau 2026 GGR growth of 6% alongside the limited EBITDA expansion.
In a significant operational development, on March 19, Melco Resorts & Entertainment Limited (NASDAQ:MLCO) highlighted its leadership in fine dining by earning eight MICHELIN Stars across five of its restaurants in Macau, spanning City of Dreams, Studio City, and Altira Macau. City of Dreams emerged as the top gastronomic destination in Macau, securing six MICHELIN Stars, which is the highest number for any integrated resort in the city. This recognition reinforces MLCO’s premium positioning in the hospitality and entertainment sector, showcasing its commitment to culinary excellence and elevating its reputation as a destination that combines luxury accommodations with world-class dining experiences for both local and international guests.
Melco Resorts & Entertainment Limited (NASDAQ:MLCO) is a global developer and operator of integrated resort casinos, hotels, and entertainment complexes, primarily in Asia, offering gaming, hospitality, and leisure experiences.
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