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Red Rock Resorts (RRR) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

RRR Stock Forecast

Red Rock Resorts stock forecast is as follows: an average price target of $58.00 (represents a 26.69% upside from RRR’s last price of $45.78) and a rating consensus of 'Buy', based on 8 wall street analysts offering a 1-year stock forecast.

RRR Price Target

The average price target for Red Rock Resorts (RRR) is $58.00 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $65.00 to $44.00. This represents a potential 26.69% upside from RRR's last price of $45.78.

RRR Analyst Ratings

Buy

According to 8 Wall Street analysts, Red Rock Resorts's rating consensus is 'Buy'. The analyst rating breakdown for RRR stock is 0 'Strong Buy' (0.00%), 7 'Buy' (87.50%), 1 'Hold' (12.50%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Red Rock Resorts Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 25, 2024Ben ChaikenMizuho Securities$44.00$50.85-13.47%-3.89%
Oct 23, 2024Barry JonasTruist Financial$58.00$51.0613.58%26.69%
Oct 17, 2024Daniel PolitzerWells Fargo$58.00$52.2910.92%26.69%
Sep 18, 2024Carlo SantarelliDeutsche Bank$65.00$53.8720.66%41.98%
Jul 24, 2024Chad BeynonMacquarie$65.00$56.3815.29%41.98%
Jul 24, 2024Barry JonasTruist Financial$63.00$60.713.77%37.61%
Apr 23, 2024Barry JonasTruist Financial$60.00$58.362.81%31.06%
Apr 19, 2024Brandt MontourBarclays$64.00$57.8610.61%39.80%
Apr 08, 2024Cassandra LeeJefferies$71.00$61.5515.35%55.09%
Feb 08, 2023Wells Fargo$54.00$48.4811.39%17.96%
Feb 08, 2023J.P. Morgan$55.00$48.4813.45%20.14%
Aug 10, 2022Deutsche Bank$50.00$40.8022.55%9.22%
Jul 20, 2022Truist Financial$45.00$35.7625.84%-1.70%
Jul 14, 2022Wells Fargo$48.00$32.8945.94%4.85%
Jul 13, 2022Deutsche Bank$45.00$33.2935.18%-1.70%

The latest Red Rock Resorts stock forecast, released on Nov 25, 2024 by Ben Chaiken from Mizuho Securities, set a price target of $44.00, which represents a -13.47% decrease from the stock price at the time of the forecast ($50.85), and a -3.89% decrease from RRR last price ($45.78).

Red Rock Resorts Price Target by Period

1M3M12M
# Anlaysts149
Avg Price Target$44.00$56.25$60.89
Last Closing Price$45.78$45.78$45.78
Upside/Downside-3.89%22.87%33.01%

In the current month, the average price target of Red Rock Resorts stock is $44.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a -3.89% decrease as opposed to Red Rock Resorts's last price of $45.78. This month's average price target is down -21.78% compared to last quarter, and down -27.74% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 23, 2024Morgan StanleyUnderperformUnderperformHold
Oct 17, 2024SusquehannaUnderperformUnderperformHold
Oct 17, 2024Wells FargoMarket OutperformMarket OutperformHold
Oct 17, 2024Wells FargoEqual-WeightEqual-WeightHold
Sep 18, 2024Deutsche BankBuyBuyHold
Sep 04, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Jul 30, 2024William BlairOutperformOutperformHold
Jul 24, 2024MacquarieOutperformOutperformHold
Jul 24, 2024SusquehannaPositivePositiveHold
Jul 24, 2024BarclaysOverweightOverweightHold
Jul 24, 2024Wells FargoOverweightEqual-WeightDowngrade
Jul 12, 2024Morgan StanleyEqual-WeightEqual-WeightHold
May 13, 2024Bank of America SecuritiesNeutralUpgrade
Apr 19, 2024JMP SecuritiesOutperformOutperformHold
Apr 19, 2024BarclaysOverweightOverweightHold
Apr 08, 2024JefferiesBuyBuyHold
Jan 17, 2024MacquarieOutperformUpgrade
Sep 07, 2022JefferiesBuyInitialise
Aug 10, 2022Deutsche BankBuyBuyHold
Jul 14, 2022Wells FargoOverweightOverweightHold
Jul 13, 2022Deutsche BankBuyBuyHold

Red Rock Resorts's last stock rating was published by Morgan Stanley on Oct 23, 2024. The company gave RRR a "Underperform" rating, the same as its previous rate.

Red Rock Resorts Financial Forecast

Red Rock Resorts Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue-------------$411.61M$416.13M$433.64M$425.47M$414.44M$422.24M$401.64M$422.35M$414.77M$428.16M$352.62M$343.41M$353.18M$108.47M$377.39M$460.79M$465.86M
Avg Forecast$525.93M$496.56M$511.06M$515.55M$507.09M$471.08M$488.13M$493.86M$491.73M$458.20M$475.80M$490.49M$440.75M$410.87M$419.60M$412.99M$422.22M$406.63M$404.35M$408.30M$409.05M$415.88M$381.38M$338.01M$342.17M$272.55M$73.67M$408.80M$464.31M$466.16M
High Forecast$538.02M$507.98M$522.82M$527.41M$518.75M$481.91M$499.36M$503.26M$499.02M$461.90M$475.80M$490.49M$458.98M$420.49M$429.26M$422.49M$431.93M$406.63M$404.35M$408.30M$409.05M$415.88M$381.38M$338.01M$342.17M$272.55M$73.67M$408.80M$464.31M$466.16M
Low Forecast$513.99M$485.30M$499.47M$503.86M$495.58M$460.39M$477.05M$482.34M$480.41M$454.51M$475.80M$490.49M$429.02M$401.52M$410.08M$403.62M$412.64M$406.63M$404.35M$408.30M$409.05M$415.88M$381.38M$338.01M$342.17M$272.55M$73.67M$408.80M$464.31M$466.16M
# Analysts4444333594347115954475510751599168
Surprise %-------------1.00%0.99%1.05%1.01%1.02%1.04%0.98%1.03%1.00%1.12%1.04%1.00%1.30%1.47%0.92%0.99%1.00%

Red Rock Resorts's average Quarter revenue forecast for Dec 23 based on 7 analysts is $440.75M, with a low forecast of $429.02M, and a high forecast of $458.98M. RRR's average Quarter revenue forecast represents a 7.08% increase compared to the company's last Quarter revenue of $411.61M (Sep 23).

Red Rock Resorts EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts4444333594347115954475510751599168
EBITDA-------------$170.79M$170.47M$188.89M$189.66M$177.20M$183.39M$175.24M$136.59M$130.94M$149.07M$16.96M$116.87M$130.73M$20.36M$55.58M$98.31M$81.94M
Avg Forecast$189.22M$178.66M$183.87M$185.49M$182.44M$169.49M$175.62M$177.68M$176.92M$164.85M$171.18M$193.26M$158.58M$147.82M$150.97M$175.69M$72.92M$150.34M$149.50M$159.72M$151.24M$153.76M$141.01M$53.14M$126.51M$100.77M$27.24M$151.14M$171.67M$172.35M
High Forecast$193.57M$182.77M$188.10M$189.76M$186.64M$173.39M$179.66M$181.07M$179.54M$166.18M$171.19M$231.91M$165.13M$151.29M$154.44M$210.83M$87.50M$150.34M$149.50M$191.66M$151.24M$153.76M$141.01M$63.77M$126.51M$100.77M$27.24M$151.14M$171.67M$172.35M
Low Forecast$184.93M$174.60M$179.70M$181.28M$178.30M$165.64M$171.64M$173.54M$172.85M$163.53M$171.18M$154.61M$154.36M$144.46M$147.54M$140.55M$58.33M$150.34M$149.50M$127.77M$151.24M$153.76M$141.01M$42.52M$126.51M$100.77M$27.24M$151.14M$171.67M$172.35M
Surprise %-------------1.16%1.13%1.08%2.60%1.18%1.23%1.10%0.90%0.85%1.06%0.32%0.92%1.30%0.75%0.37%0.57%0.48%

7 analysts predict RRR's average Quarter EBITDA for Dec 23 to be $158.58M, with a high of $165.13M and a low of $154.36M. This is -7.15% lower than Red Rock Resorts's previous annual EBITDA (Sep 23) of $170.79M.

Red Rock Resorts Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts4444333594347115954475510751599168
Net Income-------------$35.52M$39.51M$85.53M$170.22M$95.45M$32.44M$92.25M$200.11M$117.94M$143.35M$-106.56M$49.63M$12.81M$-111.76M$-177.80M$6.84M$-26.80M
Avg Forecast$62.64M$52.35M$58.73M$61.79M$58.39M$46.93M$56.96M$51.22M$44.50M$37.64M$45.42M$77.11M$46.79M$42.87M$48.97M$70.10M$79.36M$31.64M$32.83M$63.73M$33.24M$33.24M$23.91M$-202.97M$18.54M$-117.73K$-65.32M$-1.77B$10.94M$9.01M
High Forecast$64.51M$53.92M$60.49M$63.64M$60.13M$48.33M$58.66M$54.23M$49.80M$38.76M$45.43M$92.53M$56.15M$69.66M$50.43M$84.12M$95.23M$31.64M$32.83M$76.47M$33.24M$33.24M$23.91M$-162.38M$18.54M$-117.73K$-65.32M$-1.41B$10.94M$9.01M
Low Forecast$60.79M$50.81M$57.00M$59.97M$56.67M$45.55M$55.28M$49.21M$41.32M$36.53M$45.42M$61.69M$36.26M$32.15M$47.52M$56.08M$63.49M$31.64M$32.83M$50.98M$33.24M$33.24M$23.91M$-243.57M$18.54M$-117.73K$-65.32M$-2.12B$10.94M$9.01M
Surprise %-------------0.83%0.81%1.22%2.14%3.02%0.99%1.45%6.02%3.55%6.00%0.53%2.68%-108.81%1.71%0.10%0.63%-2.97%

Red Rock Resorts's average Quarter net income forecast for Dec 23 is $46.79M, with a range of $36.26M to $56.15M. RRR's average Quarter net income forecast represents a 31.74% increase compared to the company's last Quarter net income of $35.52M (Sep 23).

Red Rock Resorts SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts4444333594347115954475510751599168
SG&A-------------$91.85M$93.48M$92.50M$84.98M$91.57M$90.19M$86.30M$91.49M$92.60M$84.09M$78.91M$136.27M$136.79M$123.16M$159.81M$156.53M$165.58M
Avg Forecast$120.20M$113.49M$116.80M$117.83M$115.89M$107.67M$111.56M$112.87M$112.38M$104.72M$108.74M$137.64M$100.73M$93.90M$95.90M$125.13M$48.84M$92.94M$92.41M$113.75M$93.49M$95.05M$87.16M$247.25M$78.20M$62.29M$16.84M$93.43M$106.12M$106.54M
High Forecast$122.97M$116.10M$119.49M$120.54M$118.56M$110.14M$114.13M$115.02M$114.05M$105.57M$108.74M$165.17M$104.90M$96.10M$98.11M$150.16M$58.61M$92.94M$92.41M$136.50M$93.49M$95.05M$87.16M$296.70M$78.20M$62.29M$16.84M$93.43M$106.12M$106.54M
Low Forecast$117.47M$110.91M$114.15M$115.16M$113.27M$105.22M$109.03M$110.24M$109.80M$103.88M$108.74M$110.11M$98.05M$91.77M$93.73M$100.10M$39.07M$92.94M$92.41M$91.00M$93.49M$95.05M$87.16M$197.80M$78.20M$62.29M$16.84M$93.43M$106.12M$106.54M
Surprise %-------------0.98%0.97%0.74%1.74%0.99%0.98%0.76%0.98%0.97%0.96%0.32%1.74%2.20%7.31%1.71%1.48%1.55%

Red Rock Resorts's average Quarter SG&A projection for Dec 23 is $100.73M, based on 7 Wall Street analysts, with a range of $98.05M to $104.90M. The forecast indicates a 9.67% rise compared to RRR last annual SG&A of $91.85M (Sep 23).

Red Rock Resorts EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts4444333594347115954475510751599168
EPS-------------$0.61$0.68$1.48$2.96$1.65$0.55$1.51$3.02$1.71$2.04$-1.51$0.70$0.18$-1.58$-2.54$0.10$-0.38
Avg Forecast$0.60$0.50$0.57$0.60$0.56$0.45$0.55$0.49$0.43$0.36$0.44$0.56$0.45$0.41$0.47$0.49$0.53$0.52$0.54$0.59$0.55$0.55$0.39$0.28$0.31$-0.00$-1.08$0.11$0.18$0.15
High Forecast$0.62$0.52$0.58$0.61$0.58$0.47$0.57$0.52$0.48$0.37$0.44$0.57$0.54$0.67$0.49$0.50$0.55$0.52$0.54$0.59$0.55$0.55$0.39$0.28$0.31$-0.00$-1.08$0.11$0.18$0.15
Low Forecast$0.59$0.49$0.55$0.58$0.55$0.44$0.53$0.47$0.40$0.35$0.44$0.55$0.35$0.31$0.46$0.47$0.52$0.52$0.54$0.59$0.55$0.55$0.39$0.28$0.31$-0.00$-1.08$0.11$0.18$0.15
Surprise %-------------1.48%1.44%3.02%5.56%3.17%1.02%2.58%5.52%3.13%5.18%-5.44%2.29%-92.88%1.47%-22.55%0.55%-2.56%

According to 7 Wall Street analysts, Red Rock Resorts's projected average Quarter EPS for Dec 23 is $0.45, with a low estimate of $0.35 and a high estimate of $0.54. This represents a -26.02% decrease compared to RRR previous annual EPS of $0.61 (Sep 23).

Red Rock Resorts Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
FLLFull House Resorts$4.20$13.00209.52%Buy
MGMMGM Resorts$35.37$48.8037.97%Buy
CZRCaesars Entertainment$36.13$48.6334.60%Buy
CNTYCentury Casinos$3.75$5.0033.33%Buy
WYNNWynn Resorts$91.96$121.5732.20%Buy
PLYAPlaya Hotels & Resorts$10.07$13.0029.10%Buy
RRRRed Rock Resorts$48.06$58.0020.68%Buy
GDENGolden Entertainment$33.06$38.3315.94%Buy
LVSLas Vegas Sands$53.64$55.253.00%Buy
BALYBally's$17.74$18.172.42%Hold
MCRIMonarch Casino & Resort$82.16$84.002.24%Hold

RRR Forecast FAQ

Is Red Rock Resorts a good buy?

Yes, according to 8 Wall Street analysts, Red Rock Resorts (RRR) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 7 'Buy' recommendations, accounting for 87.50% of RRR's total ratings.

What is RRR's price target?

Red Rock Resorts (RRR) average price target is $58 with a range of $44 to $65, implying a 26.69% from its last price of $45.78. The data is based on 8 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Red Rock Resorts stock go up soon?

According to Wall Street analysts' prediction for RRR stock, the company can go up by 26.69% (from the last price of $45.78 to the average price target of $58), up by 41.98% based on the highest stock price target, and down by -3.89% based on the lowest stock price target.

Can Red Rock Resorts stock reach $70?

RRR's average twelve months analyst stock price target of $58 does not support the claim that Red Rock Resorts can reach $70 in the near future.

What is Red Rock Resorts's current price target trend?

1 Wall Street analyst forecast a $44 price target for Red Rock Resorts (RRR) this month, down -3.89% from its last price of $45.78. Compared to the last 3 and 12 months, the average price target increased by 22.87% and increased by 33.01%, respectively.

What are Red Rock Resorts's analysts' financial forecasts?

Red Rock Resorts's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1.96B (high $2B, low $1.92B), average EBITDA is $705.23M (high $720.76M, low $689.12M), average net income is $213.49M (high $221.36M, low $206.7M), average SG&A $447.99M (high $457.85M, low $437.76M), and average EPS is $2.06 (high $2.13, low $1.99). RRR's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $2.05B (high $2.1B, low $2B), average EBITDA is $737.24M (high $754.2M, low $720.51M), average net income is $235.52M (high $242.56M, low $228.57M), average SG&A $468.32M (high $479.1M, low $457.7M), and average EPS is $2.27 (high $2.34, low $2.2).

Did the RRR's actual financial results beat the analysts' financial forecasts?

Based on Red Rock Resorts's last annual report (Dec 2022), the company's revenue was $1.66B, beating the average analysts forecast of $1.64B by 1.36%. Apple's EBITDA was $725.5M, beating the average prediction of $532.47M by 36.25%. The company's net income was $390.35M, beating the average estimation of $207.57M by 88.06%. Apple's SG&A was $353.04M, beating the average forecast of $347.94M by 1.47%. Lastly, the company's EPS was $6.62, beating the average prediction of $2.18 by 203.72%. In terms of the last quarterly report (Sep 2023), Red Rock Resorts's revenue was $411.61M, beating the average analysts' forecast of $410.87M by 0.18%. The company's EBITDA was $170.8M, beating the average prediction of $147.82M by 15.54%. Red Rock Resorts's net income was $35.52M, missing the average estimation of $42.87M by -17.15%. The company's SG&A was $91.85M, missing the average forecast of $93.9M by -2.19%. Lastly, the company's EPS was $0.61, beating the average prediction of $0.413 by 47.55%