Wynn Resorts stock up 13% due to strong performance and growth outlook

From Nasdaq: 2025-03-06 15:00:00

Wynn Resorts stock (WYNN) has surged 12.5% in the past month, outperforming the industry and S&P 500. Closing at $90.67, it remains above its 52-week low but below the high. WYNN has outpaced rivals like LVS, MGM, and CZR. Technical indicators suggest continued strong performance with the stock trading above its 50-day moving average.

Wynn Resorts benefits from a robust non-gaming business and plans to open a resort in the UAE. The Wynn Al Marjan Island project is making progress, and the company sees the UAE as a $3-$5 billion gaming market. WYNN’s entry into the London market and its disciplined approach in Macau solidify its growth outlook.

Analysts are bullish, with a 8% rise in 2025 EPS estimates to $5.28. Despite strong fundamentals, WYNN is undervalued compared to peers, trading at a forward P/E of 16.98X. The company’s expansion efforts, attractive valuation, and market-leading offerings position it for growth. Analysts rate WYNN a Buy with upside potential.

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Read more at Nasdaq: Wynn Resorts Stock Jumps 13% in a Month: Buy or Wait for Pullback?