Morgan Stanley Raises Wynn Resorts Price Target to $113

Morgan Stanley raises Wynn Resorts' (WYNN) price target to $113 from $111, maintaining an "Overweight" rating. This follows recent positive updates from other analysts, including Barclays, which raised its price target to $127 from $101. The average target price for WYNN is $123.53, with a high estimate of $135 and a low of $101. The average target implies an upside of 13.71% from the current price of $108.64.

July 2, 2025 - Following a series of positive updates from various analysts, Wynn Resorts, Limited (WYNN) has seen its price targets rise significantly. Morgan Stanley has raised its price target to $113 from $111, maintaining an "Overweight" rating [1]. This comes after recent positive updates from other analysts, including Barclays, which raised its price target to $127 from $101 [1].

The average target price for WYNN is $123.53, with a high estimate of $135 and a low of $101. This implies an upside of 13.71% from the current price of $108.64. The positive sentiment is driven by recent earnings reports and analyst commentary.

On July 17, Netflix, Inc. (NFLX) reported its second-quarter revenue of $11.08 billion, up 16% year-over-year, and earnings per share of $7.19, beating Street estimates. The stock has since rebounded from recent lows, with Stephen Weiss, chief investment officer and managing partner of Short Hills Capital Partners, noting that the momentum is expected to continue [1].

Wynn Resorts' second-quarter results showed flat revenue growth and missed Wall Street expectations for both sales and non-GAAP profit. However, the company attributed this performance to mixed results across its major properties, with Las Vegas operations benefiting from increased casino demand among high-end customers and operational adjustments focused on premium rate retention. In Macau, lower-than-expected VIP hold weighed on results despite solid mass market volume growth and continued progress on property refresh projects [2].

The analysts' optimism is also driven by the company's focus on major property upgrades and the progress of its UAE project. Wynn Al Marjan Island is expected to open in 2025, and the company is closely monitoring the regulatory and competitive landscape in the UAE [2].

References:
[1] https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/08/47055967/wynn-resorts-netflix-buckle-and-more-on-cnbcs-final-trades
[2] https://finance.yahoo.com/news/wynn-resorts-q2-earnings-call-053235176.html