Wynn Resorts (NASDAQ:WYNN) Raised to Hold at Zacks Research

Wynn Resorts (NASDAQ:WYNN) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. Stifel Nicolaus set a $143.00 price objective on shares of Wynn Resorts in a research report on Wednesday, August 5th. Citigroup reissued a “buy” rating on shares of Wynn Resorts in a research report on Thursday, August 6th. The Goldman Sachs Group set a $120.00 price target on shares of Wynn Resorts in a research note on Wednesday, July 15th. Susquehanna cut their price target on shares of Wynn Resorts from $133.00 to $127.00 and set a “positive” rating on the stock in a report on Thursday, April 16th. Finally, Mizuho reduced their price objective on shares of Wynn Resorts from $133.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $134.19.

Wynn Resorts Trading Up 2.2%

WYNN opened at $104.79 on Monday. The stock has a fifty day moving average price of $100.45 and a 200 day moving average price of $103.53. Wynn Resorts has a 1 year low of $92.52 and a 1 year high of $134.72. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 1.00 and a beta of 1.01.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly 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. The company 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 46.52% and a net margin of 6.05%.The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the business earned $1.09 EPS. As a group, sell-side analysts forecast that Wynn Resorts will post 4.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Wynn Resorts

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WYNN. BlackRock Inc. bought a new stake in Wynn Resorts in the 2nd quarter valued at $609,566,000. Egerton Capital UK LLP bought a new stake in shares of Wynn Resorts during the fourth quarter valued at approximately $249,053,000. Palidye Holdings Caymans Ltd acquired a new position in shares of Wynn Resorts in the second quarter valued at $104,629,000. Norges Bank acquired a new position in shares of Wynn Resorts in the fourth quarter valued at $122,696,000. Finally, Zurich Insurance Group Ltd FI bought a new position in Wynn Resorts in the third quarter worth $110,213,000. Institutional investors and hedge funds 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: Wynn reported second-quarter net income of $140.1 million, with stronger demand in Macau and Las Vegas supporting the results. The earnings update also highlighted the company’s ability to benefit from improving casino-market conditions. Wynn Q2 2026 Earnings Call Transcript
• Positive Sentiment: Zacks Research upgraded Wynn from “strong sell” to “hold,” reducing the intensity of its negative recommendation and potentially improving sentiment toward the stock. Zacks Research
• Positive Sentiment: Wynn Al Marjan Island in the UAE has completed a 550-meter beachfront, sheltered lagoon and reef ahead of its planned resort opening. The construction progress supports the project’s long-term growth potential and marketing appeal. Wynn Sells Villa Lulu
• Neutral Sentiment: The UAE resort’s casino opening has reportedly been delayed until 2027. While the postponement may defer revenue generation, it also provides additional time to complete the development. Wynn Delays UAE Casino Opening
• Negative Sentiment: Analysts noted that the quarterly beat was driven largely by Macau strength, while weaker U.S. margins and higher costs for the UAE project could pressure future cash flow. Rising capital expenditures remain a key risk despite the company’s valuation discount. WYNN Q2 Beat and Margin Pressure

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.