12 Best Consumer Discretionary Stocks to Buy According to Analysts

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8. Wynn Resorts Ltd. (NASDAQ:WYNN)

Upside Potential: 42%

Number of Hedge Fund Holders: 52

Wynn Resorts Ltd. (NASDAQ:WYNN) is an international developer and operator of luxury hotels and casinos. The company manages renowned properties including Wynn Las Vegas, Wynn Macau, and Encore Boston Harbor, providing top-tier accommodations, gourmet dining, gaming facilities, retail spaces, and world-class entertainment. Wynn Resorts Ltd. (NASDAQ:WYNN) is recognized for its dedication to delivering exceptional guest experiences and maintains a significant presence in the gaming and hospitality sectors.

On February 6, 2025, Wynn Resorts Ltd. (NASDAQ:WYNN) announced the securing of a $2.4 billion construction loan to finance the development of Wynn Al Marjan Island, the first integrated resort in the United Arab Emirates. This financing, noted as the largest hospitality loan in UAE history, was facilitated by a global syndicate of lenders and features a seven-year term at a competitive market interest rate. The resort’s construction is advancing swiftly, with 64% of the structural concrete completed up to the 34th floor of the main resort tower. Located in Ras Al Khaimah, the resort is slated to open in 2027, offering 1,542 rooms, dining and nightlife venues, a luxury shopping promenade, and other amenities. Strategically positioned to capitalize on the recovery of the travel and tourism industry, Wynn Resorts Ltd. (NASDAQ:WYNN) is also focusing on new offerings anticipated to drive higher footfalls and spending.

Analysts have remained broadly positive on Wynn Resorts Ltd. (NASDAQ:WYNN) following its Q4 results reported on February 14. Analysts from Wells Fargo and Mizuho Securities reiterated their Buy ratings, while Deutsche Bank, Barclays, and Stifel Nicolaus raised their price targets and maintained their Buy/Overweight ratings. Stifel analyst noted that although Wynn Resorts Ltd. (NASDAQ:WYNN)’s results and outlook may not be as strong as those of one of its competitors, they were still close and should positively support valuation.

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