- Elaine Wynn, co-founder of Wynn Resorts, has passed away at the age of 82, leaving a notable legacy and a significant stake in the company. - Wynn Resorts (WYNN, Financial) faces a challenging year, with its shares down 13% year-to-date. - Analysts are optimistic about the stock's future, with a potential 48.16% upside from current levels according to average price targets.
Elaine Wynn, a visionary co-founder of Wynn Resorts (WYNN), has passed away at 82 years old. Her legacy is marked by her significant 9.0% stake in the company, second only to Tilman Fertitta, who has increased his holdings to 12.1% through recent acquisitions. Despite Wynn Resorts shares experiencing a 13% decline year-to-date, Elaine Wynn's impact on the company's growth remains profound.
Wall Street Analysts Forecast
Analysts show optimism for Wynn Resorts Ltd (WYNN, Financial), giving it a one-year average target price of $110.80. This target, derived from evaluations by 16 analysts, ranges with a high estimate of $132.00 and a low of $89.00. The anticipated average price suggests a substantial upside of 48.16% from its current trading price of $74.79. For a deeper dive into these estimates, visit the Wynn Resorts Ltd (WYNN) Forecast page.
Investor sentiment, as reflected by 18 brokerage firms, maintains an "Outperform" rating for Wynn Resorts Ltd (WYNN, Financial), with an average recommendation score of 1.8 on a scale where 1 indicates a Strong Buy and 5 represents a Sell. This consensus highlights the stock's potential for market-beating performance.
According to GuruFocus estimates, Wynn Resorts Ltd (WYNN, Financial) is projected to have a GF Value of $123.59 in one year, pointing to an impressive 65.26% potential upside from its current price of $74.785. The GF Value represents GuruFocus' computation of the stock's fair value, leveraging historical trade multiples, past business growth, and projected future performance. For comprehensive insights, explore the Wynn Resorts Ltd (WYNN) Summary page.
