Wynn Resorts (NASDAQ:WYNN) Given New $131.00 Price Target at Wells Fargo & Company

Wynn Resorts (NASDAQ:WYNN) had its target price decreased by investment analysts at Wells Fargo & Company from $141.00 to $131.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the casino operator’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 21.07% from the company’s current price.

Other research analysts also recently issued research reports about the company. Zacks Research downgraded Wynn Resorts from a “hold” rating to a “strong sell” rating in a research note on Friday, July 10th. Barclays reissued an “overweight” rating and issued a $136.00 price objective (up from $134.00) on shares of Wynn Resorts in a research report on Wednesday. JPMorgan Chase & Co. dropped their target price on shares of Wynn Resorts from $135.00 to $134.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Morgan Stanley reaffirmed an “overweight” rating and set a $128.00 price target on shares of Wynn Resorts in a research note on Wednesday, July 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Wynn Resorts in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $134.94.

Wynn Resorts Stock Performance

Wynn Resorts stock opened at $108.20 on Wednesday. The stock has a market capitalization of $11.23 billion, a P/E ratio of 32.30, a price-to-earnings-growth ratio of 0.97 and a beta of 1.01. Wynn Resorts has a 52 week low of $92.52 and a 52 week high of $134.72. The stock has a fifty day moving average of $100.50 and a 200-day moving average of $103.95.

Wynn Resorts (NASDAQ:WYNN) last posted its earnings results on Tuesday, August 4th. The casino operator reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.25. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Wynn Resorts had a net margin of 5.14% and a negative return on equity of 42.03%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 earnings per share. On average, research analysts forecast that Wynn Resorts will post 4.49 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of WYNN. Capital World Investors raised its holdings in shares of Wynn Resorts by 0.6% in the 4th quarter. Capital World Investors now owns 9,542,392 shares of the casino operator’s stock worth $1,148,236,000 after purchasing an additional 61,209 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Wynn Resorts by 9.5% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,680,631 shares of the casino operator’s stock valued at $442,890,000 after purchasing an additional 320,502 shares during the period. Egerton Capital UK LLP purchased a new stake in Wynn Resorts in the fourth quarter worth $249,053,000. Invesco Ltd. raised its stake in shares of Wynn Resorts by 14.2% in the fourth quarter. Invesco Ltd. now owns 2,011,462 shares of the casino operator’s stock valued at $242,039,000 after buying an additional 249,704 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Wynn Resorts by 17.4% during the 1st quarter. Renaissance Technologies LLC now owns 1,239,956 shares of the casino operator’s stock worth $125,918,000 after acquiring an additional 184,000 shares during the period. 88.64% of the stock is owned by institutional investors.

Wynn Resorts News Summary

Here are the key news stories impacting Wynn Resorts this week:

• Positive Sentiment: Q2 earnings beat expectations: Wynn reported adjusted earnings of $1.24 per share, above the $0.99 analyst consensus, while revenue rose 6.9% year over year to $1.86 billion, exceeding estimates of $1.83 billion. Net income more than doubled to $140.1 million, and adjusted property EBITDAR increased to $568.3 million. Wynn Resorts Second Quarter 2026 Results
• Positive Sentiment: Macau and affluent-customer demand helped results: Wynn Palace revenue increased to $653.4 million and Wynn Macau revenue rose to $351.1 million. Coverage also highlighted resilient demand from wealthy customers, supporting expectations for continued recovery in the company’s Macau operations. Wynn Resorts Second-Quarter Revenue Rises on Casino Demand
• Positive Sentiment: UAE resort opening date confirmed: Wynn Al Marjan Island is scheduled to open in September 2027. The project gives Wynn a potential new growth platform in the Middle East, while Macau expansion projects are expected to begin this year. Wynn Resorts Confirms September 2027 Opening
• Positive Sentiment: Shareholder returns continued: Wynn declared a $0.25 quarterly dividend, payable August 28 to shareholders of record August 14, and repurchased approximately $75 million of stock during the quarter. Wynn Resorts Reports Strong Q2 Results and Dividend
• Neutral Sentiment: Analysts maintain a generally favorable “Moderate Buy” consensus, but the shares remain below their 50-day and 200-day moving averages, indicating that investors may still want evidence of sustained growth.
• Negative Sentiment: Higher UAE investment could pressure returns: JPMorgan reportedly expects Wynn’s UAE capital spending in 2027 could triple as the project’s scope and costs rise. The spending may strengthen the resort long term but increases near-term execution and financing risk. JPMorgan UAE Capital Spending Analysis
• Negative Sentiment: Reports that China’s anti-graft campaign is weighing on Macau casino activity remain a risk to Wynn’s largest regional earnings contributor and could limit the durability of the recovery. China Anti-Graft Drive and Wynn Resorts

Wynn Resorts Company Profile

Wynn Resorts, Limited (NASDAQ: WYNN) is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.

Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.