Wynn Resorts, Limited

(NASDAQ Global Select)
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Somewhat Bearish -25

Deutsche Bank cuts target to USD 119 for Wynn Resorts stock

Analyst downgrade AI-generated analysis

πŸ“‰ Deutsche Bank cut its Wynn Resorts price target from USD 139.00 to USD 119.00 on October 16, 2026.

πŸ“‰ Goldman Sachs previously lowered its target to USD 102.00 on October 13, 2026, while keeping a Buy rating.

πŸ“ˆ Wynn Resorts second-quarter revenue increased 6.90% year-over-year to reach USD 1.86 billion.

πŸ’° Second-quarter earnings per share hit USD 1.24, beating the USD 0.99 consensus estimate.

πŸ“… The company will release third-quarter results on November 5, 2026, after US market close.

πŸ“ž A conference call is scheduled for 4:30 p.m. ET on November 5 to discuss Q3 performance.

πŸ’΅ Wynn Resorts stock closed at USD 75.60 on the Nasdaq on October 16, 2026.

🏒 The company operates luxury casino resorts with significant global presence.

Bullish Signals
  • Wynn Resorts reported second-quarter revenue growth of 6.90% year-over-year, reaching USD 1.86 billion.
  • Second-quarter earnings per share of USD 1.24 exceeded the analyst consensus estimate of USD 0.99.
Risk Factors
  • Deutsche Bank cut its price target by USD 20.00, reducing it from USD 139.00 to USD 119.00 on October 16, 2026.
  • Goldman Sachs lowered its price target to USD 102.00 on October 13, 2026, indicating broader analyst caution ahead of Q3 results.
Full Analysis
Deutsche Bank lowered its price target for Wynn Resorts to USD 119.00 from USD 139.00 on October 16, 2026, marking a reduction of USD 20.00 ahead of the company's upcoming third-quarter earnings report scheduled for November 5, 2026. This analyst downgrade follows similar moves by Goldman Sachs, which cut its target to USD 102.00 on October 13, 2026, while maintaining a Buy rating. The current Deutsche Bank target sits approximately 57% above the stock's Nasdaq closing price of USD 75.60 recorded on October 16. Despite the analyst revisions, Wynn Resorts reported strong second-quarter performance with revenue rising 6.90% year-over-year to USD 1.86 billion and earnings per share reaching USD 1.24, which exceeded the consensus estimate of USD 0.99. The company is set to release its third-quarter results covering the period ended September 30, 2026, after US market close on November 5, with a conference call scheduled for 4:30 p.m. ET to discuss whether upcoming figures can sustain the current earnings profile.