WYNN

Over the past six months, Wynn Resorts Ltd. (WYNN) stock price has declined by 28.35%, and year-to-date, it has fallen 37%. Key events impacting the stock include a buy recommendation from Wolfe Research on October 5, 2026, highlighting the growth potential of the Wynn Al Marjan Island project with a $128 price target. The stock has been affected by Macau headwinds, including a deceleration in Macau Gross Gaming Revenue (GGR) growth, with GGR per visitor down 2% year-over-year in 2026, and weak summer demand signaled by hotel rates in July and August 2026. Increased competition in the Macau market has also constrained forward EBITDA growth. Investors have been weighing higher leverage and near-term spending on the UAE project. Despite these challenges, Wynn Resorts reported Q2 CY2026 results around August 4, 2026, which beat Wall Street's revenue expectations with sales up 6.9% year-on-year to $1.86 billion, and non-GAAP profit exceeding estimates by 26.4%. Geopolitical tensions in the Middle East have also weighed on the stock this year. In September 2026, Wynn Resorts announced and priced a private offering of $900 million of Wynn Resorts Finance Senior Notes due 2035.