Jefferies Lowers Wynn Resorts Price Target to $150

Analysts cite concerns about the casino operator's outlook

Apr. 6, 2026 at 4:58pm

Got story updates? Submit your updates here. ›

An extreme close-up of the inner workings of a casino slot machine, with gears, levers, and metal components filling the frame in a high-contrast, industrial style that conveys the tangible, physical nature of the casino industry's financial infrastructure.The complex financial machinery powering Wynn Resorts' casino operations faces new scrutiny from analysts.Las Vegas Today

Jefferies Financial Group has lowered its price target for Wynn Resorts (NASDAQ:WYNN) from $161 to $150, while maintaining a 'buy' rating on the stock. The analysts cited ongoing challenges facing the casino operator as the reason for the reduced target.

Why it matters

Wynn Resorts is one of the largest casino and resort companies in the world, with properties in Las Vegas and Macau. Analysts' price targets and ratings are closely watched by investors as they provide insights into the company's future performance and growth prospects.

The details

In a report issued on Monday, Jefferies analysts lowered their price target on Wynn Resorts from $161 to $150, while reiterating a 'buy' rating on the stock. The analysts noted that the reduced target price still represents a potential upside of 47.10% from the company's current trading price.

  • The new price target was issued on Monday, April 6, 2026.

The players

Jefferies Financial Group

A global investment banking firm that provides research coverage and analysis on Wynn Resorts.

Wynn Resorts

A global developer and operator of luxury resorts and casinos, known for its premium hospitality offerings and integrated entertainment experiences.

Got photos? Submit your photos here. ›

What’s next

Investors will be closely watching Wynn Resorts' upcoming earnings report and any further updates from analysts on the company's outlook.

The takeaway

The reduced price target from Jefferies reflects ongoing challenges facing the casino industry, but the firm's 'buy' rating suggests they still see upside potential in Wynn Resorts' stock.