Wynn Resorts

WYNN · NASDAQ

$77.45+$1.47 (+1.93%)TodayMarket closed · Oct 20, 7:57 PM ET

Prev close $75.98

WYNN analyst rating

BuyConsensus of 15 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy15
Hold0
Underperform0
Sell0

12-month price target · 24 analysts

Average $135.81 (+75.3% upside)

Low: $117.16
Now: $77.45
High: $162.75

Upgrades and downgrades

The latest rating actions, newest first

WYNN analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
JP Morgan	Oct 20, 2026	Maintains	Overweight	$134.00 → $115.00	48%
Stifel	Oct 20, 2026	Maintains	Buy	$143.00 → $120.00	53%
Truist Securities	Oct 20, 2026	Maintains	Buy	$125.00 → $110.00	39%
Morgan Stanley	Oct 19, 2026	Maintains	Overweight	$128.00 → $120.00	58%
Wells Fargo	Oct 19, 2026	Maintains	Overweight	$131.00 → $125.00	33%
Citigroup	Oct 12, 2026	Maintains	Buy	$135.00 → $103.00	44%
Barclays	Oct 9, 2026	Maintains	Overweight	$136.00 → $128.00	46%
Macquarie	Oct 7, 2026	Maintains	Outperform	$143.00 → $132.00	40%
UBS	Sep 11, 2026	Maintains	Buy	$145.00 → $138.00	58%
Wolfe Research	Sep 2, 2026	Initiates	Outperform	$128.00	53%

The case for and against

Updated Oct 14, 2026

Bull case

Wynn Resorts is supported by a luxury resort portfolio that continues to show pricing power and resilient cash flow, with Las Vegas delivering hold-adjusted EBITDA growth of 5% to $235 million and Macau showing strong underlying demand as mass drop rose 19% and handle increased 32%. The company’s outlook is further strengthened by long-dated growth optionality from planned nongaming investments in Macao, a new 432-suite tower opening in 2029, and the managed integrated resort in the United Arab Emirates expected to open in 2027, which together could expand earnings beyond its core assets. Despite near-term pressure from Macau uncertainty and the UAE overhang, the business remains high-quality and undervalued relative to its asset base, ample liquidity, and capital allocation potential, including shareholder returns.

Bear case

Wynn Resorts is negatively viewed because its earnings profile remains heavily exposed to high-end gaming demand and to discretionary spending cycles, both of which can weaken when customers pull back. Political risk in Macau, where the company received 49% of its 2025 pre-pandemic EBITDA, compounds the uncertainty, while high construction costs for ongoing nongaming expansion and the planned 2029 tower may pressure returns. Although the quant model flags valuation as relatively cheap, that support is outweighed by weak profitability, showing the company is not efficiently converting investment into earnings and leaving the outlook fragile.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.