Wells Fargo analyst Daniel Politzer maintains $Wynn Resorts (WYNN.US)$ with a buy rating, and adjusts the target price from $125 to $122.
According to TipRanks data, the analyst has a success rate of 53.1% and a total average return of 8.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Wynn Resorts (WYNN.US)$'s main analysts recently are as follows:
The performance of Wynn Resorts in both Macau and Las Vegas fell short of expectations, with a more cautious outlook overall following the Q3 report.
The firm's assessment acknowledges that Wynn Resorts' Q3 EBITDA fell slightly short of both its own and Street's expectations, with underperformance in Las Vegas and Macau markets and no significant one-time factors to consider. Despite the challenging circumstances, the firm maintains a positive outlook on the stock based on valuation, potential for capital returns, and growth opportunities.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
