Truist Securities Cuts Wynn Resorts (WYNN) Price Target to $110

Truist Securities maintained its Buy rating on Wynn Resorts, Limited (NASDAQ: WYNN) on October 20, 2026, while adjusting its price target down from $125 to $110. The update arrived in a research note issued on October 20 as part of broader analyst adjustments across the gaming and resort sector. Wynn Resorts closed at $77.45 on the day of the rating update.

WYNN Wynn Resorts, Limited

$74.95 ▼ -38.40% year to date

1M 3M YTD

Daily close · Oct 22, 2026

Truist Securities's Call on Wynn Resorts

In its research note on October 20, Truist Securities kept a Buy rating on the stock while lowering the price target to $110 from $125. The firm's forward-looking view joins a series of target adjustments from other major Wall Street institutions around the same period. Wynn Resorts carries a consensus strong buy recommendation overall, with analysts keeping a close eye on upcoming operational milestones.

Other Institutional Activity in Wynn Resorts

Institutional investors have adjusted their holdings in recent reporting periods. Barrow, Hanley Mewhinney & Strauss, LLC reduced its stake by 334,206 shares, ending with 3,310,354 shares worth about $246.7 million for a 9.2% decrease in its position as of June 30, 2026. Neuberger Berman Group, LLC grew its holdings by 211,728 shares, ending with 1,952,908 shares worth about $145.5 million for a 12.2% increase over the same period.

Wynn Resorts, Limited Stock Down 1.9%

Wynn Resorts shares recently traded around $74.30 as of October 22, 2026, sitting down about 4.1% from the $77.45 close recorded on October 20. The stock is currently below its 50-day moving average of $86.40 and its 200-day moving average of $99.99. Its 52-week range spans from a low of $73.07 to a high of $134.72. The company has a market capitalization of roughly $7.67 billion and a price-to-earnings ratio of 17.87.

Recent Earnings

Wynn Resorts posted trailing twelve-month revenue of $7.41 billion alongside earnings of $4.17 per share. The company reported a net profit margin of 6.1% and a year-over-year revenue growth rate of 6.9%. Investors await the next financial update, which is scheduled for release on November 5, 2026.

Dividend

The company distributes an annual dividend rate of $1.00 per share, giving it a dividend yield of 1.32%. Its dividend payout ratio stands at 24.0%.

Insider Buying and Selling at Wynn Resorts, Limited

Director Elizabeth Patricia Mulroy made two sales prior to the recent analyst updates. She sold 2,262 shares at an average price of $92.12 for a total of $208,375 on May 29, 2025. Later, on September 2, 2025, she sold 4,438 shares at a price of $125.00 for a total value of $554,750.

Analysts Set New Price Targets

Several firms updated their views on Wynn Resorts around October 20, 2026. Morgan Stanley maintained an Overweight rating and adjusted its target from $128 to $120 on October 19. Wells Fargo maintained an Overweight rating and moved its target from $131 to $125 on October 19. On October 20, JP Morgan maintained an Overweight rating while lowering its target from $134 to $115, and Stifel maintained a Buy rating while reducing its target from $143 to $120. Overall, the stock has a mean price target of $121.65 across 20 analyst opinions.

About Wynn Resorts, Limited

Wynn Resorts designs, builds, and runs luxury integrated resort properties. Its operations span major destinations, including Wynn Palace, Wynn Macau, Las Vegas facilities, and Encore Boston Harbor. The company caters to high-end hospitality and gaming guests globally.

Bottom Line

Truist Securities remains optimistic with its Buy rating despite lowering its target to $110. Investors will look to the upcoming earnings release on November 5, 2026, for further clarity on resort performance across its Las Vegas and Asian properties.