Wynn Resorts stock price target raised to $145 from $130 at Stifel

Investing.com - Stifel raised its price target on Wynn Resorts (NASDAQ:WYNN) to $145.00 from $130.00 on Thursday, while maintaining a Buy rating on the casino operator’s stock. The stock currently trades at $123.28, near its 52-week high of $128.53, with an impressive year-to-date return of 44%.

The price target increase reflects Stifel’s revised 2026/2027 EBITDA estimates, which are now approximately 6% higher per year and slightly ahead of current consensus forecasts.

Stifel cited healthier trends in the Macau gaming market as a key factor behind the adjustment, noting that improved visa schemes and additional government stimulus should support continued market expansion in both mass and VIP segments.

Despite Wynn Resorts shares having approximately doubled since early April, Stifel believes multiple catalysts over the next six to twelve months could drive further appreciation.

The firm’s revised $145 price target, based on a 2026 sum-of-the-parts valuation, represents approximately 20% upside from current levels, with Stifel arguing that the current valuation "remains underwhelming" and continues to discount the recovery in Macau.

In other recent news, Wynn Resorts Ltd . announced that its indirect subsidiary, Wynn Macau, Limited, has filed its interim report for the six months ending June 30, 2025, with The Stock Exchange of Hong Kong Limited. Additionally, Wynn Macau has redeemed the entire $1 billion aggregate principal amount of its 5.50% Senior Notes due 2026, as disclosed in a filing with the Hong Kong Stock Exchange. In a strategic financial move, Wynn Macau plans to issue $1 billion in 6.750% senior notes due 2034, with the issuance expected to occur on August 19, 2025.

UBS has upgraded Wynn Resorts’ stock rating from Neutral to Buy, citing higher estimates for Macau operations and optimism about the AI Marjan resort in the UAE. This upgrade comes with a significant increase in the price target to $147.00 from $101.00. Wynn Macau’s decision to redeem the senior notes aligns with its financial strategy, and the new issuance reflects its ongoing capital management efforts. These developments indicate Wynn Resorts’ active engagement in financial restructuring and expansion plans.

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