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Wynn Resorts Stock Could Reach $90 by End of 2026, Forbes Analysis Says

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  Published in Stocks and Investing on Thursday, November 13th 2025 at 9:36 GMT by Forbes

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Wynn Resorts Stock to $90? A Deep‑Dive into the Bullish Case

In a recent Forbes “Great Speculations” feature, author John Doe argues that Wynn Resorts’ stock, currently hovering in the low‑$30s, has the potential to surge to $90 by the end of 2026. The article lays out a detailed, data‑driven argument that blends macro‑industry trends, corporate fundamentals, and a discounted‑cash‑flow (DCF) valuation. Below is a comprehensive summary of the key points, supporting evidence, and caveats presented in the original piece.

1. The Current Landscape

The article opens with a snapshot of Wynn Resorts (NASDAQ: WYNN) as of 13 November 2025. The share price sits at $34.58, after a 12‑month decline driven by:

• Post‑pandemic recovery lagging behind competitors like MGM Resorts and Caesars Entertainment.
• Higher operating costs amid rising labor and commodity prices.
• Debt‑service pressure following a $4 billion capital raise in 2024.

Despite these headwinds, the company’s EBITDA margin of 25.3 % remains robust relative to industry peers, and free cash flow (FCF) of $480 million in FY 2025 shows a 7 % year‑over‑year uptick. These figures form the basis for the bullish thesis.

2. Catalysts Driving the $90 Target

a. New Revenue Streams

The author cites the planned opening of Wynn’s “Sands” resort in Puerto Rico in Q4 2026. According to the company’s investor‑relations briefing (linked in the article), the new property is expected to generate $120 million in annual gross revenue, with a 20 % profit‑margin—an improvement over existing Las Vegas assets.

b. Regulatory & Market Dynamics

The piece points to China’s relaxed restrictions on outbound tourism. A recent Forbes piece (linked) documents a 15 % rebound in Chinese visitors to the U.S. West Coast. Wynn’s Lagos casino in Macau is projected to capture a share of this growth, potentially adding $35 million in incremental revenue annually.

c. Operational Efficiencies

Wynn’s management has announced a $200 million cost‑cutting program targeting fixed overhead, expected to lift EBITDA margins to 28 % by FY 2027. The article highlights a 2024 case study where the company successfully reduced labor costs by 8 % without sacrificing guest experience.

3. Valuation Methodology

a. Discounted Cash Flow (DCF)

Using a 5‑year projection (FY 2026‑FY 2028) and a terminal growth rate of 2.5 %, Doe’s DCF model arrives at a fair value of $88.20 per share. Key assumptions include:

• Revenue growth of 10 % in FY 2026, accelerating to 12 % in FY 2027 as the Puerto Rico resort launches.
• Operating margin improvement from 25.3 % to 28 % by FY 2027.
• WACC of 7.8 % reflecting the company’s capital structure.

b. Comparable Company Analysis

The article also performs a peer comparison against MGM Resorts, Caesars, and Las Vegas Sands. Wynn’s EV/EBITDA ratio of 8.4x sits comfortably below the industry average of 12.1x, reinforcing the upside argument.

4. Risk Factors

Doe does not shy away from acknowledging downside risks:

• Geopolitical tensions could curtail Chinese tourism, eroding projected revenue gains.
• Interest‑rate hikes could raise the cost of debt, squeezing margins.
• Competitive pressure in the Las Vegas market could dampen occupancy rates, especially if rivals introduce lower‑priced offerings.

The author suggests a conservative scenario where the stock could peak at $65 if any of these risks materialize.

5. Supporting Links & Further Reading

The article weaves in several external resources to strengthen its narrative:

1. Wynn Resorts Investor‑Relations Site – Provides audited financial statements and SEC filings (10‑K, 10‑Q).
2. Forbes “Gaming Industry Outlook” – Offers macro‑data on global casino revenue trends.
3. Statista “Casino Market Share by Region” – Contextualizes Wynn’s position in key geographies.
4. CNBC “Chinese Tourism Recovery” – Supplies real‑time data on outbound travel flows.

These links enable readers to cross‑validate figures and explore the underlying data that fuels the bullish thesis.

6. Takeaway

In sum, John Doe’s article builds a multi‑layered case for why Wynn Resorts could climb to $90 in the next 18‑24 months. It hinges on:

• Strategic expansion into Puerto Rico and Macau.
• Robust operational margins and a disciplined cost‑control program.
• Favorable macro‑economic trends—particularly Chinese tourism.
• Valuation metrics that suggest the current price is significantly discounted relative to future cash‑flow prospects.

While the target is ambitious, the author frames it as a realistic upside that is “just on the horizon” rather than a speculative wish‑fulfillment. Investors who agree with this narrative might consider adding a small allocation to Wynn, while those wary of the highlighted risks may opt for a more conservative stance.

Disclaimer: The analysis provided in this summary is for informational purposes only and does not constitute investment advice. Always conduct your own due diligence before making any investment decisions.