
Wynn Resorts (WYNN) Stock Forecast & Price Target
Wynn Resorts (WYNN) Analyst Ratings
Bulls say
Wynn Resorts is well positioned as a high-quality luxury operator with pricing power, resilient cash generation, and long-dated development optionality across Macau and Las Vegas. Its valuation remains compelling at sub-9x ’27E EBITDA, while 1Q EBITDAR rose 6% YoY and Vegas EBITDA increased 5% to $235m on record March trends, and Macau showed strong underlying demand with mass drop up 19% and handle up 32% despite softer VIP hold. The outlook is further supported by ample liquidity, planned capital projects not fully reflected in projections, and strategic growth catalysts including the 2027 UAE resort and a new 432-suite tower in 2029, alongside shareholder returns through repurchases.
Bears say
Wynn Resorts is vulnerable to a weak outlook because its results remain tied to high-end gaming demand, which is cyclical and highly sensitive to slowing discretionary spending. It also faces meaningful geopolitical and regulatory exposure in Macau, while the business must continue funding expensive nongaming expansion there, including the new 432-suite tower adjacent to the Palace resort opening in 2029 and additional investment across its resorts. Even with the planned managed integrated resort in the United Arab Emirates in 2027, the company’s 2025 prepandemic EBITDA mix of 49% Macau and 51% US leaves it dependent on mature markets with elevated construction costs and limited near-term margin relief.
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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