
Wynn Resorts (WYNN) Stock Forecast & Price Target
Wynn Resorts (WYNN) Analyst Ratings
Bulls say
Wynn Resorts is experiencing significant positive momentum, with casino revenue growth of 14.5% and strong demand heading into the fourth quarter and beyond, reflecting a robust recovery in the Macau gaming market. As the company's financial profile shifts, both Macau and the US are expected to contribute equally to total EBITDA in 2024, indicating a balanced reliance on these key markets. Additionally, the anticipated launch of Wynn's integrated resort in the UAE in 2027, combined with ongoing investments in nongaming attractions, presents multiple catalysts for sustained profitability and further stock appreciation over the next six to twelve months.
Bears say
Wynn Resorts is facing an underwhelming valuation that reflects a lack of investor confidence in its Macau assets and future projects, particularly in the context of heightened uncertainties surrounding the Chinese macroeconomic environment. The company's financial metrics indicate weak profitability, as evidenced by subpar returns on equity and assets, signaling inefficiencies in converting investments into earnings. Additionally, the ongoing political risks in Macau, high construction costs, and a slowdown in discretionary spending contribute to a negative outlook for the company’s stock performance.
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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