Analysts Set Wynn Resorts, Limited (NASDAQ:WYNN) PT at $135.44

Wynn Resorts, Limited (NASDAQ:WYNN) has received an average recommendation of “Moderate Buy” from the nineteen brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, sixteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $134.1875.

Several research firms recently commented on WYNN. Morgan Stanley reissued an “overweight” rating and set a $128.00 target price on shares of Wynn Resorts in a research note on Wednesday, July 22nd. Susquehanna decreased their target price on shares of Wynn Resorts from $133.00 to $127.00 and set a “positive” rating for the company in a report on Thursday, April 16th. Bank of America dropped their target price on shares of Wynn Resorts from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Zacks Research lowered shares of Wynn Resorts from a “hold” rating to a “strong sell” rating in a report on Friday, July 10th. Finally, Mizuho reduced their price target on shares of Wynn Resorts from $133.00 to $125.00 and set an “outperform” rating for the company in a research report on Tuesday, July 28th.

More Wynn Resorts News

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 versus the $0.99 consensus estimate, while revenue reached $1.86 billion, up 6.9% year over year and above the $1.83 billion forecast. Improved casino demand and wealthy-customer spending supported profitability. Wynn Resorts reports higher earnings and revenue for Q2 as operations improve
• Positive Sentiment: Macau led growth: Wynn Palace revenue rose 21.1%, helping offset softer conditions in Las Vegas. Management also cited solid Las Vegas demand, including healthy group and convention bookings, while analysts see continued strength in Macau. Wynn Resorts Q2 Earnings & Revenues Beat on Palace Strength
• Positive Sentiment: Analyst support improved: Argus raised its price target from $115 to $130 and initiated or maintained a “buy” rating, implying substantial upside from recent trading levels. Wells Fargo kept an “overweight” rating despite reducing its target from $141 to $131. The company also declared a quarterly dividend of $0.25 per share.
• Positive Sentiment: Future growth catalyst: Wynn confirmed a September 2027 opening target for Wynn Al Marjan Island in the UAE, giving investors a visible expansion opportunity beyond Macau and Las Vegas. Macau expansion projects are also expected to begin this year. Wynn Al Marjan opening set for September 2027
• Neutral Sentiment: Unusual options activity: Investors purchased 45,454 call options, about 684% above average daily call volume, signaling bullish speculative interest but not guaranteeing sustained buying.
• Negative Sentiment: Accounting differences flagged: Wynn Macau disclosed differences between its accounting treatment and Wynn Resorts’ unaudited second-quarter filing. Investors may seek clarification on the discrepancies and their effect on reported results.
• Negative Sentiment: UAE cost and execution risk: Analysts expect Wynn’s UAE capital spending to potentially triple for 2027 as project scope and costs rise. At Wynn Palace, a new hotel and stronger bettor demand could also create table-management challenges. Wynn UAE capital spending outlook

Wynn Resorts Price Performance

Wynn Resorts stock opened at $101.50 on Tuesday. Wynn Resorts has a 12-month low of $92.52 and a 12-month high of $134.72. The stock has a market capitalization of $10.53 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 1.00 and a beta of 1.01. The firm has a 50 day simple moving average of $100.50 and a 200-day simple moving average of $103.74.

Wynn Resorts (NASDAQ:WYNN) last announced its earnings results on Tuesday, August 4th. The casino operator reported $1.24 EPS for the quarter, topping the consensus estimate of $0.99 by $0.25. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Wynn Resorts had a negative return on equity of 45.05% and a net margin of 6.05%.The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.09 earnings per share. On average, analysts forecast that Wynn Resorts will post 4.49 earnings per share for the current fiscal year.

Wynn Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.0%. Wynn Resorts’s payout ratio is currently 29.85%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC acquired a new position in shares of Wynn Resorts in the second quarter worth $159,000. Silverlake Wealth Management LLC bought a new stake in shares of Wynn Resorts in the 2nd quarter valued at approximately $205,000. Bank of New York Mellon Corp acquired a new position in Wynn Resorts in the second quarter worth approximately $45,838,000. Czech National Bank raised its position in Wynn Resorts by 3.8% during the second quarter. Czech National Bank now owns 23,871 shares of the casino operator’s stock valued at $2,318,000 after acquiring an additional 879 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Wynn Resorts by 204.3% during the second quarter. Assenagon Asset Management S.A. now owns 60,126 shares of the casino operator’s stock valued at $5,838,000 after acquiring an additional 40,369 shares in the last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.

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.