A Fresh Look at Wynn Resorts (WYNN) Valuation Following Q3 Revenue Growth and UAE Expansion Announcement

Wynn Resorts (WYNN) has been in the spotlight after announcing a year-over-year jump in operating revenues for the third quarter of 2025. Growth was fueled by strength in the casino segment and expanding projects.

See our latest analysis for Wynn Resorts.

The past year has been a turning point for Wynn Resorts, with its 30.97% total shareholder return clearly outpacing the broader market and signaling growing investor confidence. This comes despite recent volatility following mixed earnings and high-profile developments. Recent events, including the dividend affirmation, buyback progress, and strategic partnership in the UAE, have continued to build momentum. The strong year-to-date share price return of 41.19% supports the narrative of sustained growth potential.

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Yet with the stock’s robust rally and analysts maintaining bullish price targets, investors must decide whether Wynn Resorts still offers untapped value or if all the optimism for future growth is already reflected in the price.

Most Popular Narrative: 14.2% Undervalued

Wynn Resorts' most followed narrative values the shares at $137.91, notably higher than the last close at $118.32. This backdrop frames a debate about whether the company’s pursuit of global high-end hospitality is truly being appreciated by the market.

The imminent launch of Wynn Al Marjan Island, with first-mover advantage and limited near-term competition in a potentially multi-billion-dollar new market, is a major forward catalyst that is currently underappreciated by investors and could drive a meaningful step-change in both consolidated revenue and EBITDAR.

Read the complete narrative.

Curious what bold predictions drive this optimistic price target? The narrative bakes in surprisingly strong revenue and earning assumptions for future years, as well as an eye-catching future profit multiple. Don’t miss which financial levers matter most here. Read on for the narrative’s numbers.

Result: Fair Value of $137.91 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, lingering concerns about Macau's regulatory climate and the recovery in international travel could quickly shift sentiment and threaten the positive outlook for Wynn Resorts.

Find out about the key risks to this Wynn Resorts narrative.

Another View: SWS DCF Model Paints a Different Picture

While analyst consensus sees Wynn Resorts as undervalued, our DCF model suggests a more cautious perspective. According to the SWS DCF model, WYNN’s shares are trading above an estimated fair value of $95.79. This may indicate that the current price already reflects much of the future optimism. Could this suggest limited upside, or is the market seeing something models cannot capture?

Look into how the SWS DCF model arrives at its fair value.

Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Wynn Resorts for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 895 undervalued stocks based on their cash flows. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.

Build Your Own Wynn Resorts Narrative

If you’re not convinced by these perspectives or want to uncover your own insights, you can craft a personalized narrative in just a few minutes. Do it your way.

A great starting point for your Wynn Resorts research is our analysis highlighting 1 key reward and 3 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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