Bank of America analyst Shaun Kelley has revised the firm's price target for Wynn Resorts (WYNN, Financial), lowering it from $110 to $90. This adjustment comes as part of their first-quarter outlook for the gaming sector. The firm maintains a Neutral stance on Wynn Resorts shares, citing ongoing geopolitical tensions between the U.S. and China as a contributing factor to its cautious forecast for Macau, where they are 5% below the consensus estimates.
The analysis highlights that, while current indicators do not show any decline in Las Vegas operations, investors remain alert for any potential changes in visitor numbers, bookings, or cancellations that might emerge towards the end of March into April. This heightened scrutiny reflects a broader concern about the macroeconomic environment and its effects on consumer behavior.
Meanwhile, regional gaming experienced steady, and even improved, visitation numbers in March, benefiting from favorable weather conditions. Despite these positive trends, Bank of America has slightly reduced its 2025 earnings before interest, taxes, depreciation, and amortization (EBITDA) estimates, now sitting 2% below previous Street projections as a reflection of broader consumer and economic caution.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 16 analysts, the average target price for Wynn Resorts Ltd (WYNN, Financial) is $112.05 with a high estimate of $132.00 and a low estimate of $89.00. The average target implies an upside of 51.87% from the current price of $73.78. More detailed estimate data can be found on the Wynn Resorts Ltd (WYNN) Forecast page.
Based on the consensus recommendation from 18 brokerage firms, Wynn Resorts Ltd's (WYNN, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Wynn Resorts Ltd (WYNN, Financial) in one year is $123.59, suggesting a upside of 67.51% from the current price of $73.78. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Wynn Resorts Ltd (WYNN) Summary page.
