FMP
Wynn Resorts’ Price Target Raised at Macquarie
Feb 9, 2024 12:55 PM - Davit Kirakosyan
Image credit: FMP
Macquarie analysts increased their price target for Wynn Resorts (NASDAQ:WYNN) to $128.00, up from $122.00, while reiterating an Outperform rating on the stock.
Macquarie’s analysis suggests a positive outlook for Wynn, particularly in Macau, where they believe the consensus forecasts remain overly cautious. The analysts anticipate Wynn Resorts will continue to expand its market share, especially as the recovery progresses beyond the base mass segment.
With the stock's multiples around 9x the estimated earnings for 2024 ahead of the earnings release, the analysts argue that Wynn Resorts presents the most significant potential for estimates and stock price appreciation among major gaming companies. Furthermore, they highlighted the additional value in Wynn's underappreciated assets, estimating over $10 in value from Al Marjan Island ($6), WynnBet ($2), and a 38-acre parcel in Las Vegas ($4).
Other Blogs
May 27, 2024 3:30 PM - Rajnish Katharotiya
The best 5 GPU stocks other than NVDA
In the ever-evolving world of technology, certain sectors have consistently demonstrated exceptional growth and innovation. The graphics processing units (GPUs) industry is one such sector, offering investors a golden opportunity for potentially high returns. In this blog, we'll delve into why inves...
Jun 6, 2024 2:57 AM - Parth Sanghvi
DCF vs NPV: Which Valuation Method Should You Use?
When it comes to valuing an investment or a business, two of the most commonly used methods are Discounted Cash Flow (DCF) and Net Present Value (NPV). Both methods are essential tools in finance, but they serve slightly different purposes and are used in different contexts. This guide will explore ...
Jun 10, 2024 3:46 AM - Parth Sanghvi
Fixed Costs vs Variable Costs: Understanding Cost Structures
Understanding the difference between fixed and variable costs is essential for managing a business’s finances. These costs form the foundation of any cost structure and play a critical role in pricing, budgeting, and profit margin analysis. In this guide, we will explore what fixed and variable cost...
