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In a challenging year for the hospitality and gaming industry, Wynn Resorts Ltd . (NASDAQ:WYNN) stock has tumbled to $67.27, significantly below its 52-week high of $110.38. According to InvestingPro analysis, the stock’s RSI indicates oversold territory, potentially presenting an opportunity as analysts maintain a consensus price target of up to $132. The Las Vegas-based company, known for its luxurious casino resorts, has faced a significant downturn, with a 30.54% decline over the past year. Despite these challenges, the company maintains strong fundamentals with a healthy gross profit margin of 43.54% and remains profitable, generating over $1 billion in levered free cash flow. This latest price level underscores the pressures on the entertainment and tourism sectors, which have been grappling with a slow recovery post-pandemic and ongoing economic uncertainties. Investors and analysts are closely monitoring Wynn Resorts as it navigates through these turbulent market conditions. For deeper insights into WYNN’s valuation and 8 additional exclusive ProTips, explore the comprehensive research available on InvestingPro.
In other recent news, Wynn Resorts reported its fourth-quarter earnings for 2024, revealing a normalized EPS of $2.42, which exceeded consensus estimates by $1.15. The company’s revenues were aligned with expectations at $1.84 billion, showing a slight beat of $69 million. Jefferies upgraded Wynn Resorts’ stock rating from Hold to Buy, raising the price target to $118, citing confidence in the company’s long-term capital investment plans and a robust core business. Stifel also increased its price target for Wynn Resorts to $128, maintaining a Buy rating, and noted the company’s undervalued Macau operations. CFRA analyst Zachary Warring raised the stock price target to $113 and reiterated a Strong Buy rating, emphasizing the company’s strong cash generation across business segments. Citi analyst George Choi adjusted the price target to $97 while keeping a Buy rating, highlighting Wynn’s strategic financial management and share repurchase activities. Additionally, Wynn Resorts nominated Anthony Sanfilippo to its Board of Directors, recognizing his extensive experience in the hospitality and gaming industry. These developments reflect a positive outlook from analysts and strategic moves by Wynn Resorts to enhance shareholder value.
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