Independent research on the U.S. markets, Baptista Research

Baptista Research

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. 

We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Wynn Resorts reported solid operational results across its key markets in the first quarter of 2026, alongside ongoing developments in its expansion projects, with notable challenges in the UAE impacting its Wynn Al Marjan development.</li><li>The Las Vegas operations demonstrated strength, with adjusted EBITDAR of $232.5 million on $661.9 million in revenues and a margin of 35.1%.</li><li>This was driven by a 9% increase in casino revenues, strong hotel performance with a nearly 10% year-over-year rise in RevPAR supported by a 12% increase in average daily rate, and successful openings of new dining and entertainment venues, including Zero Bond and Sartiano’s Italian Steakhouse.</li></ul>

Wynn Resorts reported solid operational results across its key markets in the first quarter of 2026, alongside ongoing developments in its expansion projects, with notable challenges in the UAE impacting its Wynn Al Marjan development.The Las Vegas operations demonstrated strength, with adjusted EBITDAR of $232.5 million on $661.9 million in revenues and a margin of 35.1%.This was driven by a 9% increase in casino revenues, strong hotel performance with a nearly 10% year-over-year rise in RevPAR supported by a 12% increase in average daily rate, and successful openings of new dining and entertainment venues, including Zero Bond and Sartiano’s Italian Steakhouse.

Wynn Resorts’ $4.4 Billion Cushion: Can Macau And Vegas Offset UAE Delays?