Wynn Resorts (NASDAQ:WYNN) Stock Gets Price Target Trim from JPMorgan Chase & Co.

Posted by Brian Himes on Oct 20th, 2026

Wynn Resorts (NASDAQ:WYNN – Get Free Report) had its target price reduced by equities research analysts at JPMorgan Chase & Co. from $134.00 to $115.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the casino operator’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 49.49% from the stock’s previous close.

A number of other brokerages also recently weighed in on WYNN. Wells Fargo & Company lowered their price target on Wynn Resorts from $131.00 to $125.00 and set an “overweight” rating for the company in a report on Monday. Wolfe Research assumed coverage on shares of Wynn Resorts in a report on Wednesday, September 2nd. They issued an “outperform” rating and a $128.00 price objective for the company. Mizuho lowered their target price 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. Zacks Research upgraded shares of Wynn Resorts from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Finally, Argus lifted their price target on shares of Wynn Resorts from $115.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.88.

Check Out Our Latest Stock Report on WYNN

Wynn Resorts Stock Performance

Shares of WYNN stock traded up $0.95 during trading hours on Tuesday, hitting $76.93. 1,287,115 shares of the company were exchanged, compared to its average volume of 1,669,068. Wynn Resorts has a one year low of $73.07 and a one year high of $134.72. The business’s 50-day simple moving average is $87.26 and its two-hundred day simple moving average is $96.44. The stock has a market capitalization of $7.92 billion, a price-to-earnings ratio of 19.09, a P/E/G ratio of 0.91 and a beta of 0.96.

Wynn Resorts (NASDAQ:WYNN – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The casino operator reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.25. Wynn Resorts had a negative return on equity of 46.52% and a net margin of 6.05%. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period in the previous year, the company earned $1.09 earnings per share. Wynn Resorts’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, analysts anticipate that Wynn Resorts will post 4.55 EPS for the current fiscal year.

Hedge Funds Weigh In On Wynn Resorts

Several hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp grew its holdings in Wynn Resorts by 2.6% in the 2nd quarter. State Street Corp now owns 3,047,930 shares of the casino operator’s stock worth $295,924,000 after buying an additional 77,416 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Wynn Resorts during the second quarter valued at $609,566,000. Penn Capital Management Company LLC acquired a new position in shares of Wynn Resorts during the second quarter valued at $1,752,000. Biglari Capital CORP. bought a new stake in shares of Wynn Resorts during the second quarter valued at about $13,961,639. Finally, Bank of America Corp DE acquired a new stake in Wynn Resorts in the second quarter worth about $74,504,000. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Wynn Resorts Company Profile

(Get Free Report)

Wynn Resorts, Ltd. is a developer and operator of luxury integrated resorts, with a focus on destination casinos, hotels, restaurants, entertainment venues, retail, and convention facilities. Its properties are designed to combine gaming with premium hospitality and leisure experiences.

The company operates Wynn Las Vegas and Encore Las Vegas in Nevada, Encore Boston Harbor in Massachusetts, and Wynn Macau and Wynn Palace in Macau. These resorts serve visitors in the United States and international markets, offering accommodations, casino gaming, dining, nightlife, retail, spas, entertainment, and meeting and convention services.

Wynn Resorts was founded in 2002 by casino executive Steve Wynn.