Update shared on19 Sep 2025
Fair value Increased 1.38%Wynn Resorts’ analyst price target was raised modestly on improved Macau EBITDA estimates, optimism for its UAE expansion and resilient Las Vegas operations, with additional support from a substantial buyback program, lifting the target from $128.09 to $129.85.
Analyst Commentary
- Bullish analysts are raising price targets due to improved EBITDA estimates, driven by healthier-than-expected trends in the Macau gaming market.
- Upgrades reflect increased confidence in Wynn's Al Marjan resort in the UAE, which is expected to give the company a significant head start in attracting ultra high net worth international customers.
- Wynn's Las Vegas assets are highlighted as "best-in-class," serving a resilient and less cyclical high-end customer demographic, and benefiting from ongoing property reinvestment.
- Shareholder returns, notably the $1B buyback program, are providing support for the stock even among those expecting near-term Macau market share losses.
- Bearish analysts cite potential headwinds from weaker near-term Macau market share and ongoing macro uncertainty for land-based U.S. gaming, coupled with risks related to digital gaming regulation and China-exposed stocks.
What's in the News
- Wynn Resorts repurchased 2,004,418 shares between April and June 2025 for $158.35 million, bringing total shares repurchased under its long-running buyback program to 29,848,616 (27.05% of shares outstanding) at a total cost of $2.61 billion (Key Developments).
- The company was removed as a constituent from multiple growth-focused Russell indices at the end of June 2025, including the Russell 1000 Growth, 2500 Growth, Midcap Growth, 3000E Growth, and 3000 Growth indices (Key Developments).
- New Jersey’s proposed state budget includes a tax increase, with online sports betting and iGaming facing a “less than 20% tax”; Wynn Resorts is among the publicly traded operators potentially impacted by these changes (NJ.com/Periodicals).
- Wynn’s removal from several Russell growth indices may impact its visibility to certain institutional investors and passive investment funds that track these benchmarks (Key Developments).
- Continued execution of its buyback supports capital return to shareholders despite the potential headwind from increased U.S. gaming taxes and a reduction in index fund exposure (Key Developments, NJ.com/Periodicals).
Valuation Changes
Summary of Valuation Changes for Wynn Resorts
- The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from $128.09 to $129.85.
- The Net Profit Margin for Wynn Resorts remained effectively unchanged, moving only marginally from 7.82% to 7.97%.
- The Consensus Revenue Growth forecasts for Wynn Resorts remained effectively unchanged, moving only marginally from 4.6% per annum to 4.7% per annum.
Disclaimer
AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.