WYNN Stock Recent News
WYNN LATEST HEADLINES
Shares of Wynn Resorts, Limited (NASDAQ:WYNN) are 4.4% lower at $79.22 at last check, pulling back from yesterday's bounce that followed the casino operators better-than-expected results for the second quarter.
Wynn Resorts is undervalued despite strong recovery and growth opportunities, making it a buy. The majority of revenue comes from US properties and Wynn Macau, which is showing signs of recovery. Profitability is improving, but debt levels and interest rates pose risks to the stock's performance.
Luxury casino resorts operator Wynn Resorts Ltd. NASDAQ: WYNN shares have fallen 4.7% year-to-date (YTD), trading closer to its 52-week lows at $81.65 than its 52-week highs of $112.25.
Investing in large-cap stocks has proven to be a successful strategy for investors seeking growth while preserving stability. However, large-cap companies often experience less explosive growth than their smaller counterparts.
Wynn stock currently trades at $92 per share, roughly 34% below its pre-inflation shock high of $140 seen on March 17, 2021. The stock was impacted by the Macau operations, which saw business largely collapse over 2021 and 2022, due to stringent Covid-19 restrictions which hurt tourist inflows into the region.
Wynn Resorts, Limited is aiming for higher production per gaming unit, following Steve Wynn's playbook. We forecast a potential upside for Wynn to reach a $150 stock price by 2025 based on historical trading patterns and market recovery. Strong revenue recovery is expected for Wynn in 2023, driven by Macau and Las Vegas growth, with potential for market outperformance and debt reduction strategy.
Wynn (WYNN) reported earnings 30 days ago. What's next for the stock?
Shares of Wynn Resorts, Limited (NASDAQ:WYNN) are a ways away from their April 4, nearly 52-week high of $110.38.
Wynn Resorts (WYNN) focus on non-gaming business and strategic expansion plans bode well. However, increased operating expenses are a concern.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.