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Wynn Resorts Limited (NASDAQ:WYNN) stock reached a notable milestone, hitting a 52-week high of 113.31 USD. With a market capitalization of $11.67 billion, InvestingPro analysis suggests the stock remains slightly undervalued despite its recent gains. This peak marks a significant moment for the company, reflecting a strong upward trajectory over the past year. Wynn Resorts has experienced a remarkable 1-year change, with its stock price increasing by 46.28%, complemented by an impressive year-to-date return of 29.69% and industry-leading gross profit margins of 68.32%. This surge underscores investor confidence and the company’s robust performance in the market, positioning it favorably among its peers in the hospitality and gaming industry. The recent high is a testament to Wynn Resorts’ strategic initiatives and market resilience. For deeper insights and additional ProTips about WYNN’s performance, visit InvestingPro, where you’ll find comprehensive analysis in the Pro Research Report.
In other recent news, Wynn Resorts Ltd . announced that its subsidiary, Wynn Macau (OTC:WYNMF), Limited, plans to redeem $1 billion in 5.50% senior notes due in 2026. This redemption is scheduled for September 2, 2025, at a price equal to 100% of the principal amount. Additionally, Wynn Macau is set to issue $1 billion in 6.750% senior notes due in 2034, with the issuance expected on August 19, 2025. These financial maneuvers are part of the company’s ongoing strategic adjustments.
In related developments, several investment firms have updated their evaluations of Wynn Resorts. Mizuho (NYSE:MFG) raised its price target for the company to $126, citing improved conditions in Macau and potential recovery among mass and premium mass day trip players. Macquarie increased its target to $124, emphasizing Wynn’s luxury appeal and its brand’s strength, alongside its projects in the UAE. Stifel also raised its target to $130, highlighting Wynn’s solid performance in Las Vegas and Boston, noting that its high-end positioning has provided resilience against broader market challenges.
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