Philip Satre, director of Wynn Resorts, just put his money where his mouth is… dropping $2 million on the company’s stock. Obviously, that’s not exactly spare change, and it comes at a time when analysts are turning increasingly bullish on the company. Multiple firms have raised their price targets following a strong Q4 earnings report. With shares up 9% for the year, is this the green light investors have been waiting for? Let’s take a closer look.

Wynn Resorts crushed expectations in Q4, reporting earnings of $2.42 per share… nearly doubling Wall Street’s prediction of $1.27. That’s a 90.55% earnings surprise, a level of outperformance that tends to make analysts rethink their models. Revenue came in at $1.84 billion, beating estimates by 3.38%.

CEO Craig Billings pointed out that demand for Wynn’s Las Vegas properties remains strong, with group and convention bookings for 2025 already showing solid average daily rates (in other words: people are still willing to pay up for the Wynn experience). Adjusted property EBITDAR (Earnings Before Interest, Taxes, Depreciation, Amortization, and Rent) in Las Vegas hit $267.4 million in Q4, a slight dip from last year, but nothing alarming.

(Source: CNBC)

Analysts are lining up to praise Wynn’s potential. Jefferies upgraded Wynn to a “Buy” and bumped its price target to $118, implying a potential 32.9% upside. Other firms have followed suit, with the average one-year price target now sitting at $115.87… roughly 29% above where the stock is trading today.

Beyond its Vegas stronghold, Wynn is making a serious push into the UAE with its Wynn Al Marjan Island project, which is expected to generate $3 billion to $5 billion annually when it opens in 2027. On top of that, Wynn has a $3.5 billion liquidity cushion, which gives it plenty of breathing room to navigate any market turbulence.

(Source: Wynn Las Vegas)

Obviously, executives sell stock all the time. But when an insider buys, especially to the tune of $2 million, it’s worth paying attention to. Satre’s move suggests he sees serious upside ahead. Institutional investors seem to agree, as the number of funds holding Wynn stock increased by 3.26% last quarter.

So to wrap it up… with strong earnings, bullish analyst sentiment, and a high-level insider making going all in, Wynn has a lot going for it. The stock may have underperformed the broader market over the last 12 months (down 11%), but its fundamentals and expansion plans make it an interesting play that you should look into.

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Stock.News does not have positions in companies mentioned.