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

Wynn Resorts (NASDAQ:WYNN) had its price target lifted by equities research 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 target suggests a potential upside of 26.78% from the stock’s previous close.

WYNN has been the topic of several other reports. Truist Financial began coverage on shares of Wynn Resorts in a research note on Wednesday, July 8th. They set a “buy” rating and a $125.00 price target on the stock. Susquehanna dropped their price objective on shares of Wynn Resorts from $133.00 to $127.00 and set a “positive” rating for the company in a research report on Thursday, April 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Wynn Resorts in a report on Wednesday, June 24th. The Goldman Sachs Group set a $120.00 price objective on Wynn Resorts in a research report on Wednesday, July 15th. Finally, Mizuho dropped their target price on Wynn Resorts from $133.00 to $125.00 and set an “outperform” rating for the company in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.19.

Wynn Resorts Stock Performance

Shares of WYNN stock opened at $102.54 on Thursday. Wynn Resorts has a 52 week low of $92.52 and a 52 week high of $134.72. The stock has a market capitalization of $10.64 billion, a PE ratio of 25.44, a PEG ratio of 0.99 and a beta of 1.01. The stock’s fifty day moving average is $100.53 and its 200-day moving average is $103.74.

Wynn Resorts (NASDAQ:WYNN) last released its quarterly earnings results on Tuesday, August 4th. The casino operator reported $1.24 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $1.83 billion. During the same period in the previous year, the business posted $1.09 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, analysts forecast that Wynn Resorts will post 4.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MUFG Securities EMEA plc bought a new position in Wynn Resorts in the second quarter valued at approximately $25,000. Hantz Financial Services Inc. lifted its position in 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 in the last quarter. SHP Wealth Management acquired a new position in Wynn Resorts in the 4th quarter worth $32,000. Geneos Wealth Management Inc. increased its holdings in Wynn Resorts by 69.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator’s stock worth $32,000 after purchasing an additional 156 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in Wynn Resorts during the 4th quarter worth about $34,000. 88.64% of the stock is currently owned by institutional investors.

Key Stories Impacting Wynn Resorts

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

• Positive Sentiment: Q2 earnings beat expectations. Wynn reported $1.24 in adjusted earnings per share versus the $0.99 consensus estimate, while revenue rose 6.9% year over year to $1.86 billion, ahead of the $1.83 billion forecast. Results benefited from broad-based demand in Las Vegas, Boston and Macau, particularly at Wynn Palace. Wynn Resorts Second-Quarter Revenue Rises on Demand from Wealthy Customers
• Positive Sentiment: Capital returns are supporting the investment case. The company declared a $0.25-per-share dividend and completed its long-running $2.74 billion share-repurchase program. Investors viewed the combination of higher profitability, dividends and buybacks favorably. How Strong Q2 Results And Capital Returns at Wynn Resorts Have Changed Its Investment Story
• Positive Sentiment: Analysts see potential upside. Argus raised its price target from $115 to $130 and reiterated a Buy rating. Another analysis estimated that WYNN could be roughly 25% undervalued following the earnings beat and buyback update. Analysts Offer Insights on Wynn Resorts and MercadoLibre
• Neutral Sentiment: Macau remains strong but faces execution risks. Analysts highlighted robust Wynn Palace demand, although a new hotel could create table-management challenges if bettor demand rises faster than available capacity. Bettor Demand Could Create Table-Management Challenges at Wynn Palace
• Negative Sentiment: Wynn Al Marjan Island remains a concern. The UAE project is progressing but has been delayed and is experiencing cost increases, creating uncertainty around timing, capital spending and returns. Wynn Q2 Deep Dive
• Negative Sentiment: Some analysts remain cautious. Wells Fargo issued a pessimistic price forecast, while Wynn Macau disclosed accounting differences related to Wynn Resorts’ unaudited filing. The disclosures may temper enthusiasm despite the earnings 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.