
Wynn Resorts (WYNN) Stock Forecast & Price Target
Wynn Resorts (WYNN) Analyst Ratings
Bulls say
Wynn Resorts has experienced a significant increase in stock value, rising 46% year-to-date and nearly doubling since early April, primarily driven by a resurgence in the Macau gaming market and positive developments regarding its upcoming integrated resort project in the UAE. The company is expected to achieve higher profitability in Macau due to a shift towards more margin-friendly gaming segments while managing costs effectively. With favorable trends emerging in the Macau gaming market and multiple catalysts anticipated over the next six to twelve months, Wynn Resorts is poised for continued stock appreciation.
Bears say
Wynn Resorts is facing a negative outlook primarily due to underwhelming valuation levels that discount the potential recovery in Macau, compounded by a prevailing lack of investor interest in Macau-centric stocks amidst uncertainties in the Chinese macro environment. Despite the potential for a 15%-25% increase in EBITDA based on more optimistic forecasts, investor sentiment regarding the Las Vegas Strip remains subdued, impacting overall performance expectations. Additionally, the rapidly expanding hotel supply in Ras Al Khaimah, which is projected to double by 2030, may not meet demand, leading to concerns about sustainable growth 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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