Las Vegas, Nevada-based Wynn Resorts, Limited (WYNN) designs, develops, and operates integrated resorts. Valued at $10.4 billion by market cap, the company offers amenities such as guest rooms and suites, restaurants, golf course, spa, bars, meeting and convention space, night clubs, and recreation and leisure facilities.
Shares of this luxury resort and casino company have underperformed the broader market over the past year. WYNN has declined 9.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 19.3%. In 2026, WYNN stock is down 15.4%, compared to the SPX’s 12.4% rise on a YTD basis.
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Narrowing the focus, WYNN’s underperformance is also apparent compared to the State Street Consumer Discretionary Select Sector SPDR ETF (XLY). The exchange-traded fund has gained about 1.7% over the past year. Moreover, the ETF’s 2.2% losses on a YTD basis outshine the stock’s double-digit dip over the same time frame.
www.barchart.com WYNN has faced market underperformance due to choppiness in Macau’s VIP segment, elevated domestic labor costs, and investor caution around heavy capital expenditures. While Macau remains a primary volume driver, low VIP table games hold and cautious consumer spending in China periodically squeezed property margins. Domestically, rising operating expenses and contractual wage increases pressured margins across domestic properties; however, Las Vegas and Boston maintained strong operational discipline and identified key efficiencies to help stabilize underlying profitability. Compounding these operational drags, market sentiment has been constrained by significant capital deployment into large scale growth projects, including the Wynn Al Marjan Island development in the UAE and Macau property expansions, which concentrate capital outflows before yielding long-term cash flow.
On Aug. 4, WYNN reported its Q2 results, and its shares rose 3.6% in the following trading session. Its adjusted EPS of $1.24 topped Wall Street expectations of $1.01. The company’s revenue was $1.9 billion, beating Wall Street forecasts of $1.8 billion.
For the current fiscal year, ending in December, analysts expect WYNN’s EPS to grow 10.5% to $4.63 on a diluted basis. The company’s earnings surprise history is mixed. It beat the consensus estimate in two of the last four quarters while missing the forecast on two other occasions.
Among the 19 analysts covering WYNN stock, the consensus is a “Strong Buy.” That’s based on 17 “Strong Buy” ratings, one “Moderate Buy,” and one “Hold.”
www.barchart.com This configuration is less bearish than a month ago, with one analyst suggesting a “Strong Sell.”
On Aug. 18, Robin M. Farley from UBS maintained a “Buy” rating on WYNN, with a price target of $145, implying a potential upside of 43.2% from current levels.
The mean price target of $133.50 represents a 31.8% premium to WYNN’s current price levels. The Street-high price target of $155 suggests an ambitious upside potential of 53%.
On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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