Professional
Added to YB: 2024-08-21
Pitch date: 2024-06-30
WYNN [bullish]
Wynn Resorts, Limited
+39.94%
current return
Author Info
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Company Info
Wynn Resorts, Limited designs, develops, and operates integrated resorts. It operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor.
Market Cap
$12.2B
Pitch Price
$88.37
Price Target
135.00 (+9%)
Dividend
0.85%
EV/EBITDA
11.61
P/E
25.75
EV/Sales
3.04
Sector
Hotels, Restaurants and Leisure
Category
growth
Baron Real Estate Income Fund Portfolio Holding: Wynn Resorts, Limited
WYNN: Optimistic multi-year outlook; Macau recovery key driver for 30-50% upside. Growth in Vegas/Boston, UAE resort plans, Macau margin improvement, potential NY license, and multiple expansion add value. Q2 decline despite strong results. 2019 cash flow levels could drive significant share price increase.
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