
Wynn Resorts (WYNN) Stock Forecast & Price Target
Wynn Resorts (WYNN) Analyst Ratings
Bulls say
Wynn Resorts has demonstrated a robust performance, with its shares increasing by 46% year-to-date, and nearly doubling since early April, driven by a resurgence in the Macau gaming market and clarity regarding the upcoming UAE project. The company is positioned to enhance its profitability in Macau by shifting to more margin-friendly gaming segments while effectively managing costs, thus improving long-term financial outlooks. Additionally, the company anticipates multiple catalysts in the near term that could further uplift investor sentiment and stock performance, particularly if business trends in Macau and Las Vegas continue on a positive trajectory.
Bears say
Wynn Resorts faces a negative outlook primarily due to the ongoing valuation challenges that undervalue its Macau assets and the uncertainty surrounding the Chinese macroeconomic environment, leading to decreased investor appetite for Macau-centric stocks. Despite projections indicating that the company's EBITDA could be 15%-25% higher than their current range, sentiment surrounding the Las Vegas Strip is reported to be subdued, which could further hinder recovery. Additionally, while tourism in Ras Al Khaimah is expanding, the anticipated doubling of hotel supply by 2030 is not expected to meet demand, resulting in a supply deficit that could impact Wynn's performance in the region.
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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