Deutsche Bank analyst Carlo Santarelli reiterated a Buy rating on Wynn Resorts (WYNN) on January 28 and set a price target of $130. The company’s shares closed yesterday at $116.68.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 8.4% and a 61.9% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Marriott International, and Penn National Gaming.
Currently, the analyst consensus on Wynn Resorts is a Moderate Buy with an average price target of $126.44, an 8.4% upside from current levels. In a report issued on January 16, Stifel Nicolaus also reiterated a Buy rating on the stock with a $141 price target.
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The company has a one-year high of $202.48 and a one-year low of $90.06. Currently, Wynn Resorts has an average volume of 3.13M.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WYNN in relation to earlier this year.
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Wynn Resorts Ltd. is a holding company, which engages in the development, ownership, and operation of destination casino resorts. It operates through the following segments: Wynn Macau, Wynn Palace, and Las Vegas Operations. The Las Vegas Operations segment covers Wynn Las Vegas and Encore.
