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Investing.com - Stifel has raised its price target on Wynn Resorts (NASDAQ:WYNN) to $130.00 from $113.00 while maintaining a Buy rating on the stock. According to InvestingPro data, the stock currently trades near its 52-week high of $112.36, having delivered an impressive 41.5% return over the past year.
The increase follows Wynn’s latest quarterly report, which showed continued solid performance in Las Vegas and Boston markets, with demand and spending levels remaining elevated through July. Stifel noted that Wynn’s high-end positioning in Las Vegas has partially insulated it from challenges facing other Strip competitors. The company’s strong positioning is reflected in its impressive 68.5% gross profit margin.
Macau results, when adjusted for hold, exceeded Stifel’s expectations, with the firm highlighting that Wynn’s market share in the region remained stable without the company resorting to aggressive promotional activities. The performance suggests Macau continues on its recovery trajectory.
Stifel believes Wynn shares are currently trading at an "unrealistic discounted multiple" with insufficient value being attributed to both the company’s Macau operating assets and its upcoming project in the United Arab Emirates.
The research firm also pointed to Wynn’s accelerated share repurchases at current price levels as an indication that management shares this view of the stock being undervalued.
In other recent news, Wynn Resorts Limited reported its second-quarter earnings for 2025, which showed a shortfall in earnings per share (EPS) compared to analyst expectations. The company posted an EPS of $1.09, which was below the projected $1.20, resulting in a negative surprise of 9.17%. Revenue for the quarter matched forecasts, coming in at $1.74 billion. Despite the earnings miss, there was minimal movement in Wynn’s stock price. Analysts from various firms had anticipated these results, and the revenue alignment with forecasts suggests a stable performance in terms of sales. However, the EPS shortfall indicates potential areas for improvement in operational efficiency or cost management. These recent developments are crucial for investors assessing Wynn Resorts’ financial health and future prospects.
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