JP Morgan Cuts Wynn Resorts (WYNN) Price Target to $115
Key Points
- JP Morgan reiterated an Overweight rating on Wynn Resorts, Limited on October 20, 2026, while reducing its price target from $134.00 to $115.00.
- JP Morgan's $115 price target implies 54.78% upside from Wynn Resorts, Limited's ($WYNN) current $74.30 share price.
- Wynn Resorts trades recently around $74.30, sitting down about 4.1% from its close of $77.45 on the day of the rating update.
- Wall Street maintains a general consensus recommendation of strong buy for the resort operator, with a mean price target of $121.65.
Since the rating, $WYNN is down 3.2% to date (from the $77.45 close on Oct 20, 2026).
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JP Morgan kept its Overweight rating on Wynn Resorts, Limited (WYNN) on October 20, 2026, while reducing its price target. The firm adjusted its view on the resort operator as part of a broader look at the leisure and gaming sector.
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Wynn Resorts, Limited
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JP Morgan's Call on Wynn Resorts
On October 20, 2026, JP Morgan maintained an Overweight rating on Wynn Resorts while lowering its price target from $134.00 to $115.00. The firm's forward-looking opinion keeps a positive stance on the stock even as it dials back expectations for the share price.
Other Institutional Activity in Wynn Resorts
Other large investment firms have also adjusted their holdings in Wynn Resorts. Barrow, Hanley Mewhinney & Strauss, LLC reduced its holdings by 334,206 shares, ending with 3,310,354 shares worth about $246,704,136. Meanwhile, Neuberger Berman Group, LLC grew its holdings by 211,728 shares, ending with 1,952,908 shares worth about $145,540,471.
Wynn Resorts, Limited Stock Down 1.9%
The company closed at $77.45 on October 20, 2026. The stock recently traded around $74.30 on October 22, 2026, which is down about 4.1% since the rating update. Shares sit well below their 50-day moving average of $86.40 and approach their 52-week low of $73.07.
$WYNN price target
Wynn Resorts, Limited daily closes and this analyst's $115 target. Not advice.
Recent Earnings
Wynn Resorts generated $7,413,425,152 in trailing-twelve-month revenue with earnings of $4.17 per share. The company reported a net profit margin of 6.1% and year-over-year revenue growth of 6.9%. The next earnings report is scheduled for November 5, 2026.
Dividend
The company pays an annual dividend rate of $1.00 per share, giving investors a dividend yield of 1.32%. The dividend payout ratio stands at 24.0%.
Insider Buying and Selling at Wynn Resorts, Limited
Insider transactions included sales by company directors prior to the rating update. Elizabeth Patricia Mulroy sold 2,262 shares on May 29, 2025, at an average price of $92.12 for a total value of $208,375. The same director later sold 4,438 shares on September 2, 2025, at a price of $125.00, totaling $554,750.
Analysts Set New Price Targets
Other Wall Street firms also weighed in on the stock around the same time. On October 19, 2026, Morgan Stanley maintained its Overweight rating and lowered its target from $128.00 to $120.00. Wells Fargo maintained an Overweight rating on October 19, 2026, moving its target from $131.00 to $125.00. On October 20, 2026, Stifel kept a Buy rating while reducing its target from $143.00 to $120.00, and Truist Securities maintained a Buy rating with a target cut from $125.00 to $110.00. Overall, analysts give the stock a strong buy recommendation with 20 opinions tracked.
About Wynn Resorts
Wynn Resorts, Limited designs, builds, and runs luxury integrated resorts. Its operations span four main segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The company employs 28,500 people out of its headquarters in Las Vegas, Nevada.
Bottom Line
Investors will look toward the upcoming earnings release on November 5, 2026, for fresh details on resort traffic and financial performance. Market participants continue to monitor how shares trade relative to analyst targets and moving averages.
Related Filing Alerts
Source: JP Morgan's rating change on $WYNN (Oct 20, 2026). Written by software, not financial advice. How we make alerts