Barclays analyst Brandt Montour has revised the price target for Wynn Resorts (WYNN, Financial), reducing it from $116 to $99, while maintaining an Overweight rating on the stock. This adjustment comes as part of a broader analysis ahead of the first quarter earnings report for the lodging sector's C-corporations.
According to Montour, forecasts for the lodging industry are likely to decrease due to increasing challenges. Despite these setbacks, Montour notes that the industry's resilient fee models are expected to sustain strong profitability. Consequently, Barclays has adjusted its Revenue Per Available Room (RevPAR) estimates downward across the board.
The firm's analysis reflects a cautious but optimistic outlook for Wynn Resorts, recognizing the potential for continued robust performance despite sector-wide pressures.
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 $109.55 with a high estimate of $132.00 and a low estimate of $89.00. The average target implies an upside of 46.14% from the current price of $74.96. 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 $123.25, suggesting a upside of 64.42% from the current price of $74.96. 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.
