Wolfe Research Initiates Coverage of Wynn Resorts at Outperform
Fintel reports that on September 2, 2026, Wolfe Research initiated coverage of Wynn Resorts (NASDAQGS:WYNN) with a Outperform recommendation.
Prior to this coverage initiation, the stock closed at $90.60 on September 1, 2026. Following the action, the next-session close was recorded at $91.56 on September 3, 2026, representing a pre-action to next-session change of +1.06%.
As of August 28, 2026, the consensus target mean for Wynn Resorts was $136.46, with a median target of $137.70, representing an implied change of +49.04%. This consensus target mean reflects a revision of -3.60% from the prior consensus target mean of $141.56 recorded on August 4, 2026. As of September 1, 2026, there were 28 analyst recommendations: 7 strong buy, 20 buy, and 1 hold.
Other financial institutions have also recently updated their outlooks on Wynn Resorts. On August 6, 2026, Argus Research maintained its Buy rating. On August 5, 2026, three firms maintained their ratings: Macquarie kept its Outperform rating, while Barclays and Wells Fargo both maintained their Overweight ratings.
Wynn Resorts reported earnings on August 4, 2026, posting actual EPS of 1.24 versus an estimate of 1.1331, a surprise of +9.43%. According to the company's EX-99.1 filing dated August 4, 2026, net income attributable to Wynn Resorts, Limited was $140,062 thousand for the three months ended June 30, 2026; pre-opening expenses were $9,232 thousand, and property charges and other were $9,662 thousand.
Wynn Resorts, Limited is a hospitality and casino resort company headquartered in Las Vegas, Nevada. The company operates luxury hotel and casino properties primarily in Las Vegas and Macau, including Wynn Las Vegas, Encore Las Vegas, Wynn Macau, and Encore at Wynn Macau, and is developing Wynn Everett near Boston.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 2, 2026 | Wolfe Research | Outperform | initiated coverage | |
| August 6, 2026 | Argus Research | Buy | Buy | maintained |
| August 5, 2026 | Macquarie | Outperform | Outperform | maintained |
| August 5, 2026 | Barclays | Overweight | Overweight | maintained |
| August 5, 2026 | Wells Fargo | Overweight | Overweight | maintained |
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This story originally appeared on Fintel.