Deutsche Bank sets Wynn Resorts $118 price target for 2025
Deutsche Bank analyst Carlo Santarelli set a $118 price target for Wynn Resorts shares, which were trading between $88 and $90, and expects the company to give up a modest share of Macau revenue in 2025. He cited Wynn’s promotional strategy and said potential developments in the UAE, Thailand, New York and Texas could affect its longer-term prospects.
The outlook gives investors an analyst view of Wynn’s Macau performance and potential development pipeline.