Argus has revised its rating for Wynn Resorts (WYNN, Financial), moving the stock from a "Buy" to a "Hold" as the company approaches the release of its first-quarter earnings on May 6. This adjustment reflects anticipation of ongoing challenges due to international trade tensions impacting the performance of Wynn's hotels and casinos.
The firm expressed concerns regarding a slow economic recovery in Macau, a key market for Wynn, and expects only modest growth in the company’s U.S. operations. As a result, Argus has scaled back its future earnings projections for the company. The estimated earnings per share (EPS) for 2025 has been reduced from $5.80 to $5.25, while the forecast for 2026 has been lowered from $6.10 to $5.80 per share.
These revisions in expectations come as Argus applies a more conservative valuation multiple to Wynn, reflecting the heightened uncertainty in key markets and the impact of external economic factors.
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 $107.86 with a high estimate of $132.00 and a low estimate of $89.00. The average target implies an upside of 40.13% from the current price of $76.97. 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 60.13% from the current price of $76.97. 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.
