Analyst Trims His Stake in Wynn Resorts (WYNN) Because Stock Price is ‘Ahead of Itself’

Group 1 - Wynn Resorts, Limited (NASDAQ:WYNN) has seen a significant stock price increase of 70% over the past year and 40% over the last three months, prompting analysts to consider trimming their positions [2] - Jim Lebenthal, Chief Equity Strategist at Cerity Partners, indicated that he is trimming his stake in Wynn Resorts due to the stock being ahead of itself in terms of share price, while also noting that 2027 estimates are starting to rise meaningfully [2] - Baron Discovery Fund established a new position in Wynn Resorts during the second quarter of 2025, taking advantage of stock weakness related to tariffs and trade war concerns, believing they were buying at trough valuation multiples [2] Group 2 - The potential impact of the Al Marjan Island project in the UAE is seen as a significant upside for Wynn Resorts, which is currently under construction [2] - There is a belief that while Wynn Resorts has investment potential, some AI stocks may offer greater promise for higher returns with limited downside risk [3]