Wynn Resorts (WYNN) Expands Global Footprint With UAE Mega-Resort, JPMorgan Raises Price Target

Wynn Resorts, Limited (NASDAQ:WYNN) ranks among the best sin stocks to buy in 2026. JPMorgan maintained its Overweight rating and increased its price target for Wynn Resorts, Limited (NASDAQ:WYNN) from $138 to $145 on December 8. The change comes after JPMorgan’s tour of the United Arab Emirates and the planned opening of the Wynn Al Marjan Island (WAMI) resort in the first quarter of 2027.

JPMorgan compared the UAE to Singapore in terms of its capacity to draw ultra-high-net-worth individuals from around the world, highlighting the growing confidence about both the property and the UAE’s prospects as an emerging gaming destination.

Meanwhile, Macquarie states that Wynn Resorts’ newly disclosed financials for the Wynn Al Marjan Island development may be conservative, indicating that gross gaming revenues might potentially surpass $2 billion annually.

Additionally, the firm projects that non-gaming revenue from major retail, high ADRs, and other non-gaming features would “comfortably” reach between $200 million and $400 million yearly. The firm also expects that the company’s EBITDA to remain consistent in 2029 and beyond, potentially due to Ras Al Khaimah’s demand surpassing hotel room supply. Nonetheless, Macquarie remains optimistic about the development, which it estimates could boost WYNN’s share price by $25 to $50.

Wynn Resorts, Limited (NASDAQ:WYNN) is a luxury hotel and casino operator known for providing premium resort experiences and running high-end properties in Boston, Macau, and Las Vegas.

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Disclosure: None. This article is originally published at Insider Monkey.