Following a rough 2024 in which the stock lost more than 5%, badly trailing the broader market along the way, Wynn Resorts (NASDAQ: WYNN) is earning some appreciation on Wall Street as some analysts view it as a 2025 casino stock redemption story. Wynn Las Vegas. An analyst named the operator a top large-cap casino stock idea for 2025. (Image: Eater Vegas) In a new report on gaming and leisure equities, Stifel analyst Steven Wieczynski name Wynn as the firm’s top large-cap casino pick for 2025 while reiterating a “buy” and a $123 price target on the shares. That implies upside of 46% from the Jan. 3 close. Wynn is often viewed through lens of Macau where it operates two integrated resorts and while gaming stocks there disappointed last year, gross gaming revenue (GGR) increased and analysts believe companies with exposure to the casino enclave are deeply undervalued today. We think Macau’s fundamentals should continue to improve on accessibility improvements… Read More
Category: Asia Pacific Gaming, Financial, Las Vegas Myths, asia pacific gaming, Las Vegas
Source: Casino.org
