Jim Cramer Says Wynn Stock is “Very Inexpensive on a PE Basis”

Wynn Resorts, Limited (NASDAQ:WYNN) is one of the stocks on Jim Cramer’s radar. During the episode, when a caller inquired about the stock, Cramer responded:

“Oh, I think WYNN, you know, we were, we were at Wynn earlier this year, and I was very worried about China. I still am, but my, they’ve got a good thing going. Craig Billings is such a good manager. He’s actually terrific, and I’m glad to see that stock is finally starting to move. It’s still very inexpensive on a PE basis.”

Jim Cramer Says Wynn Stock is "Very Inexpensive on a PE Basis"

Aerial view of a luxury hotel tower surrounded by lush green landscaping.

Wynn Resorts (NASDAQ:WYNN) develops and operates luxury integrated resorts featuring casinos, hotels, dining, retail, entertainment, and convention spaces. In a March episode of Squawk on the Street, Cramer praised the company’s CEO as he said:

“Notice, look at this, WYNN is up 3.7. Look I gotta tell you, you want impressive, go to this guy. . .Craig Billings. . .I think he’s one of the most impressive CEOs. He’s from Goldman, he’s a genius.”

While we acknowledge the risk and potential of WYNN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WYNN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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