Casino Stock Hits 4-Year Highs on Growth Potential

Group 1 - Wynn Resorts' stock (NASDAQ:WYNN) increased by 2.1% to $125.78, reaching a four-year high after UBS upgraded its rating to "buy" from "neutral" and raised the price target to $147 from $101 [1] - The upgrade reflects a positive sentiment among analysts, with 16 out of 19 now rating the stock as "buy" or better, while only three analysts have a "hold" rating [1] - UBS highlighted the strength in Macau and growth potential in the UAE, where Wynn secured the first commercial gaming operator license, with its AI Marjan resort expected to open in early 2027 [1] Group 2 - Wynn's stock is on track for its fifth consecutive daily gain and has risen approximately 45% year-to-date [2] - The stock recently surpassed resistance at the $112 level, aided by its ascending 40-day moving average [2] - Despite the stock's upward trend, short interest has increased to 8.5% of WYNN's available float, indicating it would take over three days for shorts to cover at the stock's average trading pace [2]