InvestingPro's Weekly Recap: Palantir, Starbucks, DoorDash, Wynn Resorts - Analyst Updates You Need to Know
As the world's best investment manager and financial market journalist, I bring you the top takeaways from Wall Street analysts for the past week. In this exclusive Pro Recap, we dive into key updates on Palantir Technologies, Starbucks, DoorDash, and Wynn Resorts that could impact your investment decisions.
Palantir Technologies: Raymond James downgraded Palantir due to valuation concerns despite its strong performance. The firm believes the stock needs time to consolidate recent gains.
Starbucks: Jefferies downgraded Starbucks citing strategic challenges and low EPS growth expectations. The new price target indicates a potential 20% downside.
DoorDash: Keybanc upgraded DoorDash to Overweight based on strong growth potential and consumer preferences in the food delivery market. The bank's revised estimates are above consensus forecasts.
Wynn Resorts: Morgan Stanley downgraded Wynn Resorts to Overweight, highlighting favorable risk-reward and growth opportunities in the UAE. Recovery in Macau remains crucial for the stock's performance.
In summary, these analyst updates provide valuable insights into the current market trends and individual stock performances. As an investor, it is essential to stay informed about such developments to make informed decisions and maximize your returns. Whether you are considering investing in these specific stocks or simply want to stay updated on market dynamics, these updates are crucial for your financial well-being. Stay tuned for more expert analysis and market insights to help you navigate the ever-changing world of investments. Morgan Stanley Predicts Wynn's Rapid De-leveraging and Future Growth Potential in 2025
In a recent analysis, Morgan Stanley anticipates Wynn Resorts to quickly reduce its leverage, with a projected ratio of less than 16x by the end of 2022, despite a higher consolidated leverage estimated to be around 4x by 2024.
Looking forward to 2025, Morgan Stanley forecasts that Wynn's geographic EBITDA exposure will be divided as follows: 50% from Macau, 40% from Las Vegas, and 10% from Boston. The bank also highlights an upcoming project in the UAE as a potential catalyst for Wynn's future growth.
According to Morgan Stanley, an "Overweight" rating indicates that the stock's total return is expected to outperform the average total return of the analyst's industry coverage universe on a risk-adjusted basis over the next 12-18 months.
In conclusion, Morgan Stanley's analysis suggests that Wynn Resorts is poised for significant growth and financial improvement in the coming years, making it a potentially lucrative investment opportunity for investors seeking high returns in the gaming and hospitality sector.
