Wynn Resorts (NASDAQ:WYNN) Price Target Cut to $132.00 by Analysts at Citigroup

Key Points

• Citigroup lowered its price target on Wynn Resorts from $145 to $132 while keeping a buy rating, implying about 28.8% upside from the current share price.
• Wynn’s latest earnings beat expectations, with Q1 EPS of $1.25 versus $1.18 estimated and revenue of $1.86 billion, up 9.2% year over year.
• Analyst sentiment remains generally positive, with a consensus rating of “Moderate Buy” and an average price target of $140.43, even as several firms trimmed their targets recently.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) had its price target reduced by equities research analysts at Citigroup from $145.00 to $132.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the casino operator's stock. Citigroup's price objective suggests a potential upside of 28.79% from the company's current price.

Other equities research analysts also recently issued reports about the stock. Jefferies Financial Group dropped their price objective on shares of Wynn Resorts from $161.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, April 6th. JPMorgan Chase & Co. dropped their target price on shares of Wynn Resorts from $140.00 to $135.00 and set an "overweight" rating on the stock in a research report on Friday. Morgan Stanley dropped their target price 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. UBS Group reaffirmed a "buy" rating on shares of Wynn Resorts in a research report on Monday, February 23rd. Finally, Texas Capital raised shares of Wynn Resorts to a "strong-buy" rating in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Wynn Resorts currently has a consensus rating of "Moderate Buy" and a consensus price target of $140.43.

Wynn Resorts Stock Performance

Shares of NASDAQ:WYNN traded down $4.35 during trading hours on Friday, reaching $102.50. The stock had a trading volume of 3,100,198 shares, compared to its average volume of 1,600,311. Wynn Resorts has a 1 year low of $82.63 and a 1 year high of $134.72. The firm's 50 day moving average is $103.76 and its 200-day moving average is $114.38. The stock has a market capitalization of $10.66 billion, a price-to-earnings ratio of 34.19, a P/E/G ratio of 5.97 and a beta of 1.01.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The casino operator reported $1.25 EPS for the quarter, beating 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 company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the prior year, the firm posted $1.07 EPS. The company's quarterly revenue was up 9.2% compared to the same quarter last year. Analysts forecast that Wynn Resorts will post 4.93 EPS for the current year.

Institutional Inflows and Outflows

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

Key Stories Impacting Wynn Resorts

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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