Wynn Resorts (NASDAQ:WYNN) Price Target Cut to $132.00 by Analysts at Citigroup

Wynn Resorts (NASDAQ:WYNN) had its target price lowered by research analysts at Citigroup from $145.00 to $132.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the casino operator’s stock. Citigroup’s price objective would indicate a potential upside of 28.79% from the company’s current price.

WYNN has been the subject of several other research reports. Texas Capital upgraded shares of Wynn Resorts to a “strong-buy” rating in a research note on Thursday, January 8th. Mizuho raised their target price on shares of Wynn Resorts from $131.00 to $134.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Barclays reduced their target price on shares of Wynn Resorts from $143.00 to $139.00 and set an “overweight” rating for the company in a research note on Friday. UBS Group restated a “buy” rating on shares of Wynn Resorts in a research note on Monday, February 23rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Wynn Resorts from $140.00 to $135.00 and set an “overweight” rating for the company in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Wynn Resorts presently has a consensus rating of “Moderate Buy” and an average price target of $140.43.

Wynn Resorts Price Performance

Shares of WYNN stock traded down $4.35 during mid-day trading on Friday, hitting $102.50. The stock had a trading volume of 3,100,198 shares, compared to its average volume of 1,600,311. Wynn Resorts has a fifty-two week low of $82.63 and a fifty-two week high of $134.72. The firm has a market cap of $10.66 billion, a PE ratio of 34.19, a PEG ratio of 5.97 and a beta of 1.01. The company’s 50-day simple moving average is $103.76 and its 200-day simple moving average is $114.38.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results on Thursday, May 7th. The casino operator reported $1.25 EPS for the quarter, topping the consensus estimate of $1.18 by $0.07. Wynn Resorts had a net margin of 4.59% and a negative return on equity of 39.05%. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter last year, the business earned $1.07 EPS. The business’s revenue was up 9.2% on a year-over-year basis. On average, analysts expect that Wynn Resorts will post 4.93 EPS for the current year.

Institutional Trading of Wynn Resorts

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. MUFG Securities EMEA plc purchased a new position in Wynn Resorts during the 2nd quarter valued at about $25,000. Root Financial Partners LLC purchased a new position in Wynn Resorts during the 3rd quarter valued at about $26,000. Hantz Financial Services Inc. increased its holdings in Wynn Resorts by 54.9% during the 4th quarter. Hantz Financial Services Inc. now owns 251 shares of the casino operator’s stock valued at $30,000 after acquiring an additional 89 shares in the last quarter. Steigerwald Gordon & Koch Inc. purchased a new position in Wynn Resorts during the 3rd quarter valued at about $31,000. Finally, Cromwell Holdings LLC increased its holdings in Wynn Resorts by 68.2% during the 4th quarter. Cromwell Holdings LLC now owns 254 shares of the casino operator’s stock valued at $31,000 after acquiring an additional 103 shares in the last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wynn Resorts News Summary

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

• Positive Sentiment: Q1 results beat consensus: non‑GAAP EPS $1.25 vs $1.18 est. and revenue $1.86B, up 9.2% YoY — management cited strength at Wynn Palace and Las Vegas EBITDAR as drivers. Wynn Resorts Q1 Earnings & Revenues Beat Estimates, Rise Y/Y
• Positive Sentiment: The company declared a quarterly dividend of $0.25 (annualized yield ~1.0%), with an ex‑dividend/record schedule in mid/late May — a modest cash return that can support income-focused holders.
• Positive Sentiment: Unusual options flow: buyers purchased ~32,569 call options (≈405% above normal), signalling bullish speculative positioning or hedging interest from some investors.
• Positive Sentiment: Operational cash-flow and profitability improvements were highlighted in coverage (higher operating cash, big jump in net income year‑over‑year), suggesting underlying business momentum even as cash balances fell. Wynn Resorts (WYNN) Stock Falls on Q1 2026 Earnings
• Neutral Sentiment: Wynn published its 2025 ESG report, highlighting workforce and environmental initiatives — positive for long‑term brand and ESG investors but limited immediate market impact. Wynn Resorts Publishes 2025 ESG Report
• Neutral Sentiment: Wall Street still carries above‑market price targets (median ~$145), leaving upside in analysts’ models but also implying expectations that may be hard to meet without new catalysts.
• Negative Sentiment: Critics point to a “lack of catalysts” — the quarter beat but management provided limited new guidance or growth levers, which can prompt profit‑taking and a muted market reaction. Wynn Resorts Q1 Earnings: Lack Of Catalysts
• Negative Sentiment: Balance-sheet and valuation concerns: reported metrics show a negative ROE (≈‑39%), lower cash balances year‑over‑year, sizable total liabilities and a relatively rich P/E and PEG — factors that can pressure sentiment despite the beat.

About Wynn Resorts

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.