Stifel Cuts Wynn Resorts (WYNN) Price Target to $120
Key Points
- Stifel reiterated its Buy rating on Wynn Resorts on October 20, 2026, lowering its price target to $120 from $143.
- Stifel's $120 price target implies 61.51% upside from Wynn Resorts, Limited's ($WYNN) current $74.30 share price.
- The resort operator recently traded around $74.30, remaining well below its 50-day moving average.
- Other Wall Street firms also adjusted targets, contributing to a consensus recommendation of strong buy.
Since the rating, $WYNN is down 3.2% to date (from the $77.45 close on Oct 20, 2026).
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Stifel reiterated its Buy rating on Wynn Resorts, Limited (NASDAQ:WYNN) on October 20, 2026, while lowering its price target from $143.00 to $120.00. The firm delivered its outlook as shares of the resort developer changed hands during the session.
WYNN
Wynn Resorts, Limited
Stifel vs. the S&P 500
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Stifel's Call on Wynn Resorts
Stifel kept a positive stance on the stock with its Buy rating, though the lower target points to adjusted expectations for the luxury hospitality firm. The update adds to a wave of views from major financial institutions covering the company around the same dates.
Other Institutional Activity in Wynn Resorts
Other major funds adjusted their holdings in the resort operator during earlier reporting periods. Barrow, Hanley Mewhinney & Strauss, LLC reduced its position by 334,206 shares, ending the period with 3,310,354 shares valued at about $246.7 million after a 9.2% decrease. Neuberger Berman Group, LLC grew its holdings by 211,728 shares, finishing with 1,952,908 shares worth about $145.5 million following a 12.2% increase.
Wynn Resorts, Limited Stock Down 1.9%
Wynn Resorts closed at $77.45 on October 20, 2026. The stock recently traded around $74.30 as of October 22, 2026. Shares sit below both the 50-day moving average of $86.40 and the 200-day moving average of $99.99.
$WYNN price target
Wynn Resorts, Limited daily closes and this analyst's $120 target. Not advice.
Recent Earnings
The company posted trailing twelve-month revenue of $7.41 billion and trailing earnings of $4.17 per share. The net profit margin stood at 6.1%, with a return on equity not detailed in the latest figures. The company is scheduled to report its next set of financial results on November 5, 2026.
Dividend
Wynn Resorts pays an annual dividend rate of $1.00 per share, which gives a dividend yield of 1.32%. The payout ratio sits at 24.0% of earnings.
Insider Buying and Selling at Wynn Resorts, Limited
Company insiders executed sales prior to the recent reporting cycle. Director 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. She later sold 4,438 shares on September 2, 2025, at $125.00 per share totaling $554,750.
Analysts Set New Price Targets
Several firms updated their views on the stock around the same time. On October 19, 2026, Morgan Stanley maintained its Overweight rating while moving its target from $128.00 to $120.00. Wells Fargo maintained an Overweight rating on October 19, 2026, adjusting its target from $131.00 to $125.00. JP Morgan maintained an Overweight rating on October 20, 2026, lowering its target from $134.00 to $115.00. Truist Securities maintained a Buy rating on October 20, 2026, lowering its target from $125.00 to $110.00. Across Wall Street, the consensus recommendation stands at strong buy, backed by a mean target price of $121.66 from 20 analyst opinions.
About Wynn Resorts
Wynn Resorts, Limited designs, develops, and operates high-end integrated resort properties. Its key assets include luxury destinations in key gaming and hospitality markets such as Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor, offering gaming, upscale dining, entertainment, and hotel accommodations.
Bottom Line
Investors will watch for the company's upcoming earnings release on November 5, 2026, for fresh updates on operations. Additional institutional filings and analyst revisions will provide further clues on market sentiment.
Related Filing Alerts
Source: Stifel's rating change on $WYNN (Oct 20, 2026). Written by software, not financial advice. How we make alerts