Wynn Resorts (WYNN) Expands Global Footprint With UAE Mega-Resort, JPMorgan Raises Price Target

Wynn Resorts, Limited (NASDAQ:WYNN) ranks among the best misdeed stocks to bargain successful 2026. JPMorgan maintained its Overweight standing and accrued its terms people for Wynn Resorts, Limited (NASDAQ:WYNN) from $138 to $145 connected December 8. The alteration comes aft JPMorgan’s circuit of the United Arab Emirates and the planned opening of the Wynn Al Marjan Island (WAMI) edifice successful the archetypal 4th of 2027.

JPMorgan compared the UAE to Singapore successful presumption of its capableness to gully ultra-high-net-worth individuals from astir the world, highlighting the increasing assurance astir some the spot and the UAE’s prospects arsenic an emerging gaming destination.

Meanwhile, Macquarie states that Wynn Resorts’ recently disclosed financials for the Wynn Al Marjan Island improvement whitethorn beryllium conservative, indicating that gross gaming revenues mightiness perchance surpass $2 cardinal annually.

Additionally, the steadfast projects that non-gaming gross from large retail, precocious ADRs, and different non-gaming features would “comfortably” scope betwixt $200 cardinal and $400 cardinal yearly. The steadfast besides expects that the company’s EBITDA to stay accordant successful 2029 and beyond, perchance owed to Ras Al Khaimah’s request surpassing edifice country supply. Nonetheless, Macquarie remains optimistic astir the development, which it estimates could boost WYNN’s stock terms by $25 to $50.

Wynn Resorts, Limited (NASDAQ:WYNN) is simply a luxury edifice and casino relation known for providing premium edifice experiences and moving high-end properties successful Boston, Macau, and Las Vegas.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.