We recently published Trending Analyst Calls: Top 10 Stocks. Wynn Resorts, Limited (NASDAQ:WYNN) is one of the stocks analysts were recently talking about.
Jim Lebenthal, Chief Equity Strategist at Cerity Partners, explained in a recent program on CNBC why he was trimming his stake in Wynn Resorts. The analyst said it’s a “good trim,” and he might buy the stock again on a pullback.
This is a good trim. The stock’s up 70% in a year. It’s up 40% over the last three months. If you want to buy low, you have to sell high. I’m trimming it here. Specifically though, I’m starting to see the 2027 estimates start to go higher meaningfully. And what that tells me is that what I’ve been saying for quite some time—that the Dubai New Resort, the Almar Resort, is now finally starting to be priced into estimates. Finally, it started to show some weakness today and I just decided to trim it, actually cutting it about in half. I’d love it if we get a pullback and I add that right back into it. I do still think it’s a good stock for the long run, but I think in terms of share price, it’s ahead of itself right here.”
Baron Discovery Fund stated the following regarding Wynn Resorts, Limited (NASDAQ:WYNN) in its second quarter 2025 investor letter:
“During the quarter, we established a new position in Wynn Resorts, Limited (NASDAQ:WYNN). Wynn is a luxury resort and casino operator which currently owns integrated gaming properties in Las Vegas, Macau, and Boston. At the start of the quarter, the potential impact of tariffs and a trade war with China weighed on the stock. We took advantage of this weakness by building a position at what we believed were attractive prices. In preview, our analysis showed that we were buying the stock at trough valuation multiples on both the Las Vegas and Macau properties and we were getting the upside from the currently under construction Al Marjan Island project (located in the UAE) for essentially free.
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