WYNN Receives 'Moderate Buy' Consensus Rating from Analysts

Summary

Wynn Resorts, Limited (NASDAQ:WYNN) has received a consensus rating of ‘moderate buy’ from 15 brokerages, with 12 buy recommendations and 3 hold recommendations. The average 12-month price target is $118.64. Recent reports include Morgan Stanley raising its price target to $113, while Goldman Sachs set a target of $122. The company reported a quarterly EPS of $1.09, missing estimates, and announced a quarterly dividend of $0.25 per share. Institutional investors have increased their stakes in the company recently.Market Beat

Impact Analysis

This event is at the company level as it pertains specifically to Wynn Resorts. The ‘moderate buy’ rating indicates positive sentiment from analysts, though tempered by mixed recommendations. First-order effects include potential investor interest in acquiring or holding Wynn stock based on the average price target being above the current market priceBenzinga. The EPS miss could cause concern for conservative investors, although the increased institutional stakes signify confidence from significant market players. Second-order effects could involve shifts in stock price volatility as new information is digested by the market. Opportunities exist for investors to buy into Wynn with expectations of future recovery and price appreciation towards the price targets set by analysts. The risks include ongoing performance issues, particularly if the Macau operations continue to affect profitabilityReuters.