Key Highlights

  • Wynn Resorts, Limited (NASDAQ:WYNN) rose 1.55% to USD 79.44 on September 30, 2026, but is down 35.2% this year and 13.0% over the past month, with a 14-day RSI of 24.1, which is below the 30 oversold line.
  • The aggregated analyst score is 1.08 on a scale of 1.0 to 5.0, and the consensus target is about USD 133, far above the price, while the 52-week range runs from about USD 77 to USD 134.72.
  • Wynn subsidiaries priced a USD 900 million private offering of senior notes due 2035 at 6.875% on September 11, and Fitch expects leverage near six times operating earnings in 2026.
  • JPMorgan blamed softer Macau gaming revenue after the World Cup and Middle East tensions affecting the UAE project, whose opening has been cited for 2027.

Why the Stock Is So Weak

Wynn Resorts, Limited (NASDAQ:WYNN) was called the most oversold stock in the S&P 500 in the week of September 19, with an RSI near 17, after falling more than 5% to a new low just above USD 81. JPMorgan analysts wrote on September 14 that Macau gross gaming revenue has been softer than expected after the World Cup, and that the stock had declined 14% in a month while the S&P 500 fell 2%. Early September daily Macau revenue averaged MOP633 million, down 11.5% from August, though up 4% year on year. Investors also worry about Middle East tensions near its UAE resort.

Debt, Development and Valuation

Wynn Al Marjan Island in Ras Al Khaimah is a USD 5.7 billion casino resort. Its opening has been cited as early 2027 in some data and September 2027 in a broker summary, and investors see significant risk around timing and ramp-up. Fitch rated the new USD 900 million notes BB- and said expansion in Macau and the UAE keeps debt near the top of its tolerance. Second-quarter results were solid, with adjusted EPS of USD 1.24 against USD 1.16 expected and revenue of USD 1.86 billion. Wynn Resorts, Limited (NASDAQ:WYNN) therefore pairs good earnings with heavy capital needs and geopolitical risk.

Risks and What to Watch

Macau demand, Chinese consumer sentiment, Las Vegas trends, construction cost and delays in the UAE are the main risks. A Strong Buy score of 1.08 shows analysts remain positive, yet an oversold reading does not guarantee a rebound, and prices can stay depressed while fundamentals weaken. Investors should watch monthly Macau revenue reports, October data, third-quarter results and progress at Al Marjan. Wynn Resorts, Limited (NASDAQ:WYNN) also faces refinancing costs at higher rates, with the 10-year yield near 5.2%. Market value was about USD 8.6 billion on September 21, according to published market data, below the USD 10.5 billion shown in some feeds.

Where Things Stand

The casino operator is Wynn, and it is down 35.2% because soft Macau trends, Middle East risks and heavy borrowing for expansion outweighed solid quarterly earnings. Wynn Resorts, Limited (NASDAQ:WYNN) has analyst support but a weak chart. The balance of evidence is that the sell-off looks oversold, yet the catalysts for recovery depend on Macau data, the UAE timeline and a calmer bond market. The next catalysts are October Macau revenue, third-quarter results and the Al Marjan schedule.