
Wynn Resorts (WYNN) Stock Forecast & Price Target
Wynn Resorts (WYNN) Analyst Ratings
Bulls say
Wynn Resorts has experienced a notable surge in stock performance, with shares increasing by 46% year-to-date and nearly doubling since early April, driven largely by the recovery of the Macau gaming market and positive developments regarding the company's upcoming UAE project. The company is positioned to enhance profitability in Macau as it transitions to more margin-friendly gaming segments, while also benefitting from improved investor sentiment in the Las Vegas Strip market. With expectations for additional catalysts in the near term, including the potential rebound of the FIT business, Wynn Resorts is likely to see further growth in its financial performance over the next six to twelve months.
Bears say
Wynn Resorts is facing a negative outlook primarily due to underwhelming valuation levels that reflect investor skepticism regarding the recovery of its Macau operations, coupled with concerns about the broader Chinese macroeconomic environment. Despite projections indicating that Wynn’s EBITDA could potentially be 15%-25% higher than current estimates, sentiment surrounding the Las Vegas Strip remains subdued, which may hinder performance. Additionally, the anticipated doubling of hotel supply in Ras Al Khaimah by 2030 is unlikely to meet demand, exacerbating concerns about occupancy and market competitiveness 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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