
RRR Stock Forecast & Price Target
RRR Analyst Ratings
Bulls say
Red Rock Resorts is a strong performer with a solid balance sheet, a diverse portfolio of properties, and a visible pipeline of development projects. While a temporary earnings friction is expected in the near term due to ongoing construction disruptions, the company's long-term growth potential remains intact through its differentiated owned development pipeline and disciplined capital allocation plan. Despite potential risks from economic cycles and competition, Red Rock's stable locals-focused model and continued investments in its properties make it a top pick in the gaming industry, with a current price target of $63.
Bears say
Red Rock Resorts is experiencing prolonged and broader disruptions, as evidenced by a $9M impact on revenue from Green Valley Ranch in 1Q. The company is also facing increased construction disruption and delays at Green Valley Ranch and Durango, leading to a potential extended earnings headwind. This, combined with uncertainty surrounding gas prices and air travel, presents increased risks for Red Rock Resorts and could lead to a potential downward pressure on the stock.
This aggregate rating is based on analysts' research of Red Rock Resorts and is not a guaranteed prediction by Public.com or investment advice.
RRR Analyst Forecast & Price Prediction
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