Wynn Resorts (NASDAQ:WYNN) Given New $135.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan trimmed Wynn Resorts’ price target from $140 to $135 while keeping an overweight rating, implying about 33% upside from the prior close.
• Wynn’s shares fell to $101.47 on Friday, well below the analysts’ targets, and the stock has traded between $82.63 and $134.72 over the past 12 months.
• The company’s latest earnings beat expectations, with $1.25 EPS on $1.86 billion in revenue, but analysts remain mixed amid concerns about valuation and limited near-term catalysts.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) had its price target reduced by equities research analysts at JPMorgan Chase & Co. from $140.00 to $135.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the casino operator's stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 33.04% from the stock's previous close.

Several other research analysts have also recently commented on the stock. Wells Fargo & Company decreased their target price on shares of Wynn Resorts from $147.00 to $144.00 and set an "overweight" rating for the company in a report on Thursday, April 16th. UBS Group reiterated a "buy" rating on shares of Wynn Resorts in a research note on Monday, February 23rd. Morgan Stanley dropped their price target on shares of Wynn Resorts from $139.00 to $136.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 25th. Susquehanna lowered their price target on Wynn Resorts from $133.00 to $127.00 and set a "positive" rating on the stock in a research report on Thursday, April 16th. Finally, Jefferies Financial Group cut their target price on shares of Wynn Resorts from $161.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $139.14.

Wynn Resorts Price Performance

Shares of WYNN stock traded down $5.38 during trading hours on Friday, reaching $101.47. The stock had a trading volume of 2,930,523 shares, compared to its average volume of 1,598,007. Wynn Resorts has a twelve month low of $82.63 and a twelve month high of $134.72. The firm has a 50-day simple moving average of $103.76 and a 200-day simple moving average of $114.38. The firm has a market capitalization of $10.56 billion, a PE ratio of 33.84, a price-to-earnings-growth ratio of 5.97 and a beta of 1.01.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The casino operator reported $1.25 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.82 billion. During the same quarter last year, the company earned $1.07 EPS. The company's revenue for the quarter was up 9.2% compared to the same quarter last year. On average, equities analysts anticipate that Wynn Resorts will post 4.93 earnings per share for the current year.

Institutional Investors Weigh In On Wynn Resorts

A number of hedge funds have recently added to or reduced their stakes in WYNN. MUFG Securities EMEA plc acquired a new stake in shares of Wynn Resorts in the 2nd quarter valued at approximately $25,000. Root Financial Partners LLC acquired a new stake in shares of Wynn Resorts in the 3rd quarter valued at approximately $26,000. Hantz Financial Services Inc. raised its position 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 period. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Wynn Resorts in the 3rd quarter valued at approximately $31,000. Finally, Cromwell Holdings LLC raised its position in shares of Wynn Resorts by 68.2% in 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 during the period. Institutional investors own 88.64% of the company's stock.

Key Wynn Resorts News

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.

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.

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