
Wynn Resorts (WYNN) Stock Forecast & Price Target
Wynn Resorts (WYNN) Analyst Ratings
Bulls say
Wynn Resorts has experienced a significant stock appreciation, with shares increasing by 46% year-to-date and approximately doubling since early April, primarily driven by a resurgence in the Macau gaming market and optimism surrounding its upcoming UAE project. The company is positioned to enhance long-term profitability in Macau by transitioning to more margin-friendly gaming segments while controlling costs, further bolstering its financial outlook. Additionally, a potential rebound in the fixed income tourism business could positively influence overall investor sentiment for Strip operators, contributing to Wynn's growth trajectory over the next six to twelve months.
Bears say
Wynn Resorts faces a negative outlook primarily due to its underwhelming valuation that reflects a lack of investor confidence, particularly related to its Macau assets and the UAE project, which appears overly pessimistic given future EBITDA forecasts. A decline in investor sentiment regarding the Las Vegas Strip further exacerbates the situation, highlighting challenges in attracting demand amidst prevailing uncertainties. Additionally, while tourism in Ras Al Khaimah is growing rapidly, the anticipated doubling of hotel supply by 2030 may not be sufficient to meet demand, raising concerns over occupancy rates and overall revenue potential.
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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