Wynn Resorts, Limited (NASDAQ:WYNN) Stock Has Average Price Target of $130.12

Wynn Resorts, Limited (NASDAQ:WYNN) has received a consensus rating of “Moderate Buy” from the twenty brokerages that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $124.88.

A number of equities research analysts have recently issued reports on the company. Mizuho cut their target price on Wynn Resorts from $133.00 to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Wynn Resorts in a research report on Monday, September 21st. Zacks Research upgraded Wynn Resorts from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Barclays dropped their price target on Wynn Resorts from $136.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, October 9th. Finally, Argus boosted their price objective on Wynn Resorts from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, August 6th.

Wynn Resorts Stock Performance

NASDAQ WYNN opened at $77.45 on Friday. Wynn Resorts has a 1 year low of $73.07 and a 1 year high of $134.72. The business’s fifty day moving average is $86.71 and its two-hundred day moving average is $96.26. The stock has a market capitalization of $7.98 billion, a P/E ratio of 19.22, a P/E/G ratio of 0.92 and a beta of 0.96.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings data on Tuesday, August 4th. The casino operator reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.25. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.83 billion. Wynn Resorts had a negative return on equity of 46.52% and a net margin of 6.05%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company posted $1.09 EPS. On average, research analysts forecast that Wynn Resorts will post 4.54 earnings per share for the current year.

Wynn Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, August 14th. Wynn Resorts’s dividend payout ratio (DPR) is presently 24.81%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in WYNN. Lazari Capital Management Inc. raised its position in Wynn Resorts by 19.9% during the third quarter. Lazari Capital Management Inc. now owns 12,595 shares of the casino operator’s stock valued at $1,000,000 after buying an additional 2,091 shares during the period. V Square Quantitative Management LLC boosted its position in Wynn Resorts by 43.7% during the 3rd quarter. V Square Quantitative Management LLC now owns 3,795 shares of the casino operator’s stock worth $301,000 after acquiring an additional 1,154 shares during the period. Envestnet Asset Management Inc. boosted its position in Wynn Resorts by 56.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 20,324 shares of the casino operator’s stock worth $1,973,000 after acquiring an additional 7,348 shares during the period. State Street Corp boosted its position in Wynn Resorts by 2.6% during the 2nd quarter. State Street Corp now owns 3,047,930 shares of the casino operator’s stock worth $295,924,000 after acquiring an additional 77,416 shares during the period. Finally, Tidal Investments LLC purchased a new position in Wynn Resorts during the 2nd quarter valued at about $278,000. 88.64% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Wynn Resorts

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

• Positive Sentiment: JPMorgan maintained an Overweight rating and Stifel maintained a Buy rating. Their revised targets of $115 and $120, respectively, still imply substantial upside from the current share price. JPMorgan Adjusts Price Target on Wynn Resorts to $115 From $134 Stifel Nicolaus Adjusts Wynn Resorts Price Target to $120 From $143
• Positive Sentiment: BofA Securities also retained a Buy rating while setting a $125 target, indicating that analysts still see potential recovery in Wynn’s valuation despite near-term concerns. BofA Securities Adjusts Price Target on Wynn Resorts
• Neutral Sentiment: Morgan Stanley and Wells Fargo lowered their targets to $120 and $125, respectively, while Deutsche Bank cut its target to $119. These revisions suggest analysts are moderating expectations rather than abandoning the long-term investment case. Morgan Stanley Adjusts Price Target on Wynn Resorts Wells Fargo Adjusts Price Target on Wynn Resorts
• Negative Sentiment: The consistent wave of price-target cuts—from JPMorgan, Stifel, BofA and other banks—signals lower earnings or valuation assumptions. BofA also said investor sentiment and positioning across gaming stocks, including Wynn, are likely to remain negative, creating an overhang for WYNN despite its retained Buy rating. Investor Sentiment on Gaming Stock to Remain Negative

Wynn Resorts Company Profile

Wynn Resorts, Ltd. is a developer and operator of luxury integrated resorts, with a focus on destination casinos, hotels, restaurants, entertainment venues, retail, and convention facilities. Its properties are designed to combine gaming with premium hospitality and leisure experiences.

The company operates Wynn Las Vegas and Encore Las Vegas in Nevada, Encore Boston Harbor in Massachusetts, and Wynn Macau and Wynn Palace in Macau. These resorts serve visitors in the United States and international markets, offering accommodations, casino gaming, dining, nightlife, retail, spas, entertainment, and meeting and convention services.

Wynn Resorts was founded in 2002 by casino executive Steve Wynn.