
Wynn Resorts (WYNN) Stock Forecast & Price Target
Wynn Resorts (WYNN) Analyst Ratings
Bulls say
Wynn Resorts is positioned for continued growth, underpinned by strong demand in both the Macau and US markets, as evidenced by a 14.5% growth in total casino revenues and a shifting EBITDA distribution to a more balanced 50% contribution from each region by 2024. The resurgence of the Macau gaming market along with the anticipated launch of its integrated resort in the UAE by 2027 further enhances the company's growth prospects. Additionally, Wynn's strategic focus on building non-gaming attractions in Macau and maximizing profitability through transitioning to more margin-friendly gaming segments demonstrates a commitment to long-term financial health and operational efficiency.
Bears say
Wynn Resorts's stock is facing a negative outlook due to its underwhelming valuation which continues to reflect a lack of investor confidence in the recovery of its Macau assets, amid broader economic uncertainties in China. The company has a concerning profitability profile, indicated by weak ratios like Return on Equity (ROE) and Return on Assets (ROA), suggesting inefficient conversion of investments into earnings. Additionally, investor sentiment surrounding the Las Vegas Strip remains subdued and is compounded by risks such as high construction costs, exposure to high-end gaming, and a decrease in discretionary spending.
This aggregate rating is based on analysts' research of Wynn Resorts and is not a guaranteed prediction by Public.com or investment advice.
Wynn Resorts (WYNN) Analyst Forecast & Price Prediction
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