HSBC Research raises the target price for Wynn Resorts to $139, maintaining a "Buy" rating

AASTOCKS
2025.11.10 03:51

HSBC Research published a report stating that Wynn Macau (01128.HK), the parent company of Wynn Resorts (WYNN.US), faced ongoing headwinds in the third quarter, but the increase in market share in Las Vegas and Macau reflects operational advantages. The structural support of the Macau business fundamentals and the positive outlook for the Las Vegas business support the bank's decision to maintain its forecasts for 2025 to 2027 largely unchanged.

The report indicated that due to the company's robust execution, Wynn Resorts' stock price outperformed the S&P 500 index by about 11% over the past three months. However, the current trading price of the stock is still about 10% lower than its peers and the average of the three years before the pandemic, making it still attractive.

HSBC Research maintains a "Buy" rating on Wynn Resorts, raising the target price from $138 to $139, believing that the risk-reward ratio is attractive and the outlook is promising

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