Wynn Resorts (NASDAQ:WYNN) Price Target Raised to $130.00 at Argus

Wynn Resorts (NASDAQ:WYNN) had its price target hoisted by analysts at Argus from $115.00 to $130.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the casino operator’s stock. Argus’ price objective would suggest a potential upside of 28.23% from the company’s current price.

WYNN has been the subject of several other research reports. Citigroup reiterated a “buy” rating on shares of Wynn Resorts in a research note on Thursday. Wells Fargo & Company decreased their price objective on Wynn Resorts from $141.00 to $131.00 and set an “overweight” rating for the company in a report on Wednesday. The Goldman Sachs Group set a $120.00 target price on shares of Wynn Resorts in a report on Wednesday, July 15th. Barclays increased their price target on shares of Wynn Resorts from $134.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Morgan Stanley reissued an “overweight” rating and set a $128.00 price objective on shares of Wynn Resorts in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $134.19.

Wynn Resorts Price Performance

Shares of Wynn Resorts stock traded up $0.23 during midday trading on Thursday, reaching $101.38. The company had a trading volume of 549,502 shares, compared to its average volume of 1,570,555. The stock has a fifty day moving average price of $100.50 and a 200 day moving average price of $103.83. Wynn Resorts has a fifty-two week low of $92.52 and a fifty-two week high of $134.72. The firm has a market cap of $10.52 billion, a PE ratio of 25.18, a P/E/G ratio of 0.96 and a beta of 1.01.

Wynn Resorts (NASDAQ:WYNN) last issued its earnings results on Tuesday, August 4th. The casino operator reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.25. Wynn Resorts had a negative return on equity of 45.05% and a net margin of 6.05%.The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the previous year, the company posted $1.09 earnings per share. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, sell-side analysts forecast that Wynn Resorts will post 4.49 EPS for the current year.

Hedge Funds Weigh In On Wynn Resorts

Several hedge funds and other institutional investors have recently modified their holdings of WYNN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Wynn Resorts by 10.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,961 shares of the casino operator’s stock valued at $665,000 after purchasing an additional 754 shares during the period. Woodline Partners LP increased its holdings in Wynn Resorts by 36.2% in the 1st quarter. Woodline Partners LP now owns 7,568 shares of the casino operator’s stock valued at $632,000 after acquiring an additional 2,012 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Wynn Resorts by 69.0% in the first quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator’s stock worth $32,000 after buying an additional 156 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Wynn Resorts by 13.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,659 shares of the casino operator’s stock worth $155,000 after acquiring an additional 201 shares during the last quarter. Finally, Guggenheim Capital LLC increased its stake in Wynn Resorts by 9.5% in the 2nd quarter. Guggenheim Capital LLC now owns 10,008 shares of the casino operator’s stock worth $937,000 after acquiring an additional 868 shares during the last quarter. 88.64% of the stock is owned by institutional investors.

Key Wynn Resorts News

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

• Positive Sentiment: Q2 earnings and revenue exceeded estimates: Wynn reported adjusted earnings of $1.24 per share versus the $0.99 consensus estimate, while revenue rose 6.9% year over year to $1.86 billion, ahead of expectations. Net income more than doubled to $140.1 million, and adjusted property EBITDAR increased to $568.3 million. Wynn Resorts, Limited Reports Second Quarter 2026 Results
• Positive Sentiment: Macau operations led growth: Wynn Palace revenue increased 21.1% to $653.4 million, while Wynn Macau revenue rose to $351.1 million. Reports attribute the performance to strong demand from wealthy customers and improved casino operations, helping offset a slower Las Vegas environment. Wynn Resorts Second-Quarter Revenue Rises on Demand from Wealthy Customers
• Positive Sentiment: UAE growth catalyst becomes more tangible: Wynn confirmed that its Wynn Al Marjan Island resort is expected to open in September 2027. The project provides a long-term growth opportunity beyond the company’s existing markets, while group and convention demand in Las Vegas is reportedly pacing well. Wynn Sets September 2027 Opening for UAE Casino Resort
• Positive Sentiment: Options activity signaled bullish interest: Investors bought 45,454 call options, approximately 684% above the average daily call volume. This may have amplified positive trading sentiment, although options activity is not a guarantee of future performance.
• Neutral Sentiment: Capital returns continued: Wynn declared a $0.25 quarterly dividend and repurchased approximately 741,098 shares for $75 million during the quarter. The dividend supports shareholder returns, while buybacks reduce share count but also use capital that could fund expansion.
• Negative Sentiment: Some risks remain: Las Vegas performance was described as slower than Macau, and JPMorgan expects UAE capital expenditures could rise substantially as project scope and costs increase. Wells Fargo also lowered its price target from $141 to $131, though it maintained an overweight rating. Wynn Resorts UAE Capital Expenditure Outlook

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.