Las Vegas, Nevada-based Wynn Resorts, Limited (WYNN) is a premier developer and operator of luxury hotels and casinos, renowned for its high-end properties in Las Vegas, Macau, and Boston. With a market cap of $10.1 billion, the company offers world-class hospitality, gaming, and entertainment experiences, setting a benchmark in the industry.

While the resort operator has underperformed the broader market over the past year, it has outperformed in 2025. Wynn stock has dipped 25 bps over the past 52 weeks and surged 12.1% on a YTD basis, compared to the S&P 500 Index’s ($SPX) 12.5% gains over the past year and 1.4% uptick in 2025.

Zooming in further, Wynn has also lagged behind the Consumer Discretionary Select Sector SPDR Fund’s (XLY) 21.5% surge over the past year, but significantly outperformed XLY’s 3.2% dip on a YTD basis.

Wynn’s stock prices observed a marginal uptick in the trading session after the release of its Q1 results on May 6. Due to a drop in revenue contributions across segments and properties in Macau, Vegas, and Boston, the company’s overall topline for the quarter dropped 8.7% year-over-year to $1.7 billion, missing the Street’s expectations by 1.5%. Meanwhile, the company’s adjusted net income declined 36% compared to the year-ago quarter to $113.1 million, and its adjusted EPS of $1.07 missed the consensus estimates by 12.3%.

However, Wynn’s cash flow generation has remained resilient and it reported an increase in dividend from Wynn Macau, Limited. Meanwhile, it has invested $51.2 million of cash into the joint venture constructing the Wynn Al Marjan Island development in the UAE. The property is expected to open in 2027 and the JV is expected to act as the next leg of growth for the company.

For the current FY 2025, ending in December, analysts expect Wynn to report a 22.1% year-over-year decline in adjusted EPS to $4.69. The company has a mixed earnings surprise history. While it has surpassed the Street’s bottom-line estimates once over the past four quarters, it has missed the projections on three other occasions.

Nevertheless, Wynn holds a consensus “Strong Buy” rating overall. Of the 14 analysts covering the stock, opinions include 11 “Strong Buys,” one “Moderate Buy,” and two “Holds.”

This configuration is slightly less bullish than two months ago, when 12 analysts gave “Strong Buy” recommendations.

On May 8, Mizuho analyst Ben Chaiken reiterated an “Outperform” rating on Wynn, but lowered the price target from $132 to $122.

As of writing, Wynn’s mean price target of $104.27 represents a modest 8% premium to current price levels. Meanwhile, the street-high target of $122 suggests a notable potential upside of 26.4%.