{"id":273,"date":"2025-09-18T20:38:31","date_gmt":"2025-09-18T20:38:31","guid":{"rendered":"http:\/\/www.chuckwardrealestate.com\/?p=273"},"modified":"2025-09-22T12:08:45","modified_gmt":"2025-09-22T12:08:45","slug":"wynn-resorts-stock-a-catalyst-rich-environment-says-analyst","status":"publish","type":"post","link":"http:\/\/www.chuckwardrealestate.com\/index.php\/2025\/09\/18\/wynn-resorts-stock-a-catalyst-rich-environment-says-analyst\/","title":{"rendered":"Wynn Resorts Stock a Catalyst-Rich Environment, Says Analyst"},"content":{"rendered":"<ul>\n<li><strong>Stock is already on fire, but analyst sees room for more upside<\/strong><\/li>\n<li><strong>Case can be made Wynn is still a value stock<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>Shares of Wynn Resorts (NASDAQ: WYNN) are higher by nearly 48% year-to-date with essentially all of that gain accrued over the past 90 days and while the stock is flirting with 52-week highs, there could be more upside on the way.<\/p>\n<figure id=\"attachment_339268\" aria-describedby=\"caption-attachment-339268\" data-style=\"width: 858px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" class=\"wp-image-339268 size-post-thumbnail-858xAUTO lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\" width=\"858\" height=\"764\" data-src=\"http:\/\/www.chuckwardrealestate.com\/wp-content\/uploads\/2025\/09\/wynn-wikipedia-858x764-1.jpg\"><figcaption>Wynn Las Vegas. An analyst says a variety of catalysts could boost the already hot stock. (Image: Wikipedia)<\/figcaption><\/figure>\n<p>That\u2019s the take of Stifel analyst Steven Wieczynski who reiterated a \u201cbuy\u201d rating on the stock while revising his price target to $145, implying 20% upside from current levels. Buoyed by Macau\u2019s resurgence and increasing clarity around its United Arab Emirates (UAE) project, Wynn stock has doubled off its <a href=\"https:\/\/www.casino.org\/news\/no-liberation-for-gaming-supplier-stocks-as-tariffs-take-hold\/\">post-Liberation Day<\/a> lows, but that doesn\u2019t mean near-term upside is limited.<\/p>\n<blockquote class=\"main-blockquote\">\n<p>We believe there are multiple catalysts on the horizon that should allow shares to further appreciate over the next six-to-twelve months,\u201d observes Wieczynski. \u201cValuation remains underwhelming and continues to discount the recovery in Macau, in our opinion.\u201d<\/p>\n<\/blockquote>\n<p>Macau\u2019s <a href=\"https:\/\/www.casino.org\/news\/macau-casino-outlook-upgraded-analysts-forecast\/\">2025 rebound<\/a> has been something to behold, Wieczynski argues that Wynn\u2019s current valuation implies market participants are too pessimistic about the special administrative region\u2019s (SAR) long-term gross gaming revenue (GGR) trajectory, adding Wynn\u2019s focus on premium mass customers and VIPs is a durable long-term strategy.<\/p>\n<h2>Why Wynn Stock May Be Overvalued<\/h2>\n<p>The Stifel analyst lays out a multi-part case regarding why shares of Wynn are arguably undervalued even when accounting for the recent surge.<\/p>\n<div class=\"callout\">\n<p>Keep in mind the stock closed just under $129 today. He says Wynn\u2019s Las Vegas assets are worth $55 share and throw in another $3 for the <a href=\"https:\/\/www.casino.org\/news\/wynn-could-fetch-1-billion-in-vegas-land-sale-says-analyst\/\">operator\u2019s unused land<\/a> in the city. Encore Boston Harbor is worth another $10 per share with the UAE casino resort valued at $18 to $25 per share. Call that $20 and throw in another $11 a share from the operator\u2019s Macau royalty stream and that\u2019s $99, implying the two Macau venues account for just $30 of the current share price.<\/p>\n<\/div>\n<p><strong>Arguably, that\u2019s far too low because Wynn Macau (HK1128) accounts for the bulk of the parent company\u2019s earnings before interest, taxes, depreciation, and amortization (EBITDA) and revenue.<\/strong><\/p>\n<p>\u201cWe don\u2019t care what kind of environment you want to price into Macau, but there is no way you can say their Macau assets are only worth ~$20\/share,\u201d adds Wieczynski. \u201cThat just doesn\u2019t make sense to us. To help us keep our sanity, if you take the current market cap of WYNN which is ~$12.7B and subtract out their stake in HK1128 that would say their non-Macau assets are worth about $90\/share or their Macau assets should be worth at least $30\/share. We think this simple math is getting overlooked by investors but at some point there must be some value (&gt;$20\/share) ascribed to their Macau assets.\u201d<\/p>\n<h2>Catalysts Abound for Wynn Stock<\/h2>\n<p>The analyst points out that Wynn has a variety of catalysts over the next six to 12 months, including multiple <a href=\"https:\/\/www.casino.org\/news\/wynn-uae-casino-could-propel-shares\/\">UAE investor presentations<\/a> scheduled for December. It\u2019s likely the operator wouldn\u2019t be committing resources and time to those events if takeaways weren\u2019t going to be positive. Wieczynski added it\u2019s possible initial UAE EBITDA forecasts could come up.<\/p>\n<p>Other catalysts mentioned by the analyst include Wynn\u2019s ability to wring higher profits out of the Macau unit and some insolation in Las Vegas from the otherwise negative sentiment currently afflicting the US casino hub.<\/p>\n<p><strong>\u201cWe continue to think WYNN represents one of the better buying opportunities as we think about under-loved\/undervalued names across our coverage universe,\u201d concludes Wieczynski. \u201cWith multiple catalysts on the horizon and potential upside to our still conservative estimates, we would be aggressive buyers of WYNN shares at current levels as we believe the risk\/reward is overly favorable.\u201d<\/strong><\/p>\n<p>The post <a href=\"https:\/\/www.casino.org\/news\/wynn-resorts-stock-a-catalyst-rich-environment-says-analyst\/\">Wynn Resorts Stock a Catalyst-Rich Environment, Says Analyst<\/a> appeared first on <a href=\"https:\/\/www.casino.org\/news\">Casino.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stock is already on fire, but analyst sees room for more upside Case can be made Wynn is still a value stock Shares of Wynn Resorts (NASDAQ: WYNN) are higher by nearly 48% year-to-date with essentially all of that gain accrued over the past 90 days and while the stock is flirting with 52-week highs, there could be more upside [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":275,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"_links":{"self":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts\/273"}],"collection":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/comments?post=273"}],"version-history":[{"count":2,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts\/273\/revisions"}],"predecessor-version":[{"id":276,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts\/273\/revisions\/276"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/media\/275"}],"wp:attachment":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/media?parent=273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/categories?post=273"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/tags?post=273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}