Wynn Resorts stock price target lowered to $93 by Goldman Sachs
Goldman Sachs has reduced its price target for Wynn Resorts (NASDAQ:WYNN) to $93.00, while maintaining a Buy rating, following the company's third-quarter adjusted EBITDAR falling below estimates. The firm lowered its financial projections for Las Vegas and Macau, citing choppy performance and a slowdown in October, despite the stock being considered undervalued by InvestingPro analysis. Wynn Resorts also reported disappointing Q3 2026 financial results with earnings and revenue missing expectations due to various regional challenges, although the Wynn Al Marjan Island in the UAE remains a long-term growth driver.
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