Wynn Resorts, Limited (WYNN) is a global luxury hospitality and gaming company with a market cap of $12.9 billion. The company operates high-end integrated resorts in Las Vegas and Macau, with additional exposure through its Boston-area resort. WYNN stock is currently trading 6.3% below its 52-week high and has rallied 2.8% over the past three months, outperforming the Consumer Discretionary Select Sector SPDR Fund. Shares of WYNN have surged 33.6% over the past 52 weeks and are up 46.5% YTD, with a bullish trend confirmed by trading above its moving averages.

Wynn Resorts saw a 3.7% increase in its stock price after being added to Goldman Sachs’ “Conviction Buy” list. The firm cited strength in the company’s Las Vegas operations and improving conditions in Macau. WYNN has outperformed its rival, Las Vegas Sands Corp., gaining 24.4% over the past 52 weeks. Analysts remain optimistic about WYNN’s prospects, with a consensus rating of “Strong Buy” and a mean price target of $144.94, suggesting a 14.8% premium to its current price levels.

Read more at Barchart: How Is Wynn Resorts’ Stock Performance Compared to Other Consumer Discretionary Stocks?