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

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

WYNN has been the subject of several other reports. Morgan Stanley reissued an “overweight” rating and issued a $128.00 price objective on shares of Wynn Resorts in a research report on Wednesday, July 22nd. Bank of America dropped their price objective on Wynn Resorts from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Wells Fargo & Company decreased their target price on Wynn Resorts from $141.00 to $131.00 and set an “overweight” rating for the company in a research report on Wednesday. Truist Financial initiated coverage on Wynn Resorts in a research note on Wednesday, July 8th. They set a “buy” rating and a $125.00 price target on the stock. Finally, The Goldman Sachs Group set a $120.00 target price on shares of Wynn Resorts in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $134.19.

Wynn Resorts Stock Up 0.2%

WYNN traded up $0.23 during trading hours on Thursday, reaching $101.38. 549,502 shares of the company’s stock traded hands, compared to its average volume of 1,570,555. The firm has a 50-day moving average price of $100.50 and a 200 day moving average price of $103.83. The firm has a market capitalization of $10.52 billion, a PE ratio of 25.18, a PEG ratio of 0.96 and a beta of 1.01. Wynn Resorts has a 52-week low of $92.52 and a 52-week high of $134.72.

Wynn Resorts (NASDAQ:WYNN) last released its earnings results 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 the consensus estimate of $1.83 billion. Wynn Resorts had a negative return on equity of 45.05% and a net margin of 6.05%.The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the company earned $1.09 earnings per share. Equities analysts predict that Wynn Resorts will post 4.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Wynn Resorts

Large investors have recently bought and sold shares of the company. Hantz Financial Services Inc. boosted its holdings in shares of Wynn Resorts by 54.9% in 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 during the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of Wynn Resorts during the 2nd quarter worth approximately $25,000. SHP Wealth Management purchased a new position in shares of Wynn Resorts during the 4th quarter valued at approximately $32,000. International Assets Investment Management LLC acquired a new position in shares of Wynn Resorts in the 4th quarter valued at $34,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Wynn Resorts by 69.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator’s stock valued at $32,000 after purchasing an additional 156 shares during the period. Hedge funds and other institutional investors own 88.64% of the company’s stock.

Wynn Resorts News Roundup

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

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.