Red Rock Resorts (RRR) Stock Forecast, Price Target & Predictions
RRR Stock Forecast
Red Rock Resorts stock forecast is as follows: an average price target of $62.29 (represents a 25.79% upside from RRR’s last price of $49.52) 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 $62.29 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $71.00 to $55.00. This represents a potential 25.79% upside from RRR's last price of $49.52.
RRR Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 23, 2024 | Barry Jonas | Truist Financial | $58.00 | $51.06 | 13.58% | 17.12% |
| Oct 17, 2024 | Daniel Politzer | Wells Fargo | $58.00 | $52.29 | 10.92% | 17.12% |
| Sep 18, 2024 | Carlo Santarelli | Deutsche Bank | $65.00 | $53.87 | 20.66% | 31.26% |
| Jul 24, 2024 | Chad Beynon | Macquarie | $65.00 | $56.38 | 15.29% | 31.26% |
| Jul 24, 2024 | Barry Jonas | Truist Financial | $63.00 | $60.71 | 3.77% | 27.22% |
| Apr 23, 2024 | Barry Jonas | Truist Financial | $60.00 | $58.36 | 2.81% | 21.16% |
| Apr 19, 2024 | Brandt Montour | Barclays | $64.00 | $57.86 | 10.61% | 29.24% |
| Apr 08, 2024 | Cassandra Lee | Jefferies | $71.00 | $61.55 | 15.35% | 43.38% |
| Feb 08, 2023 | - | Wells Fargo | $54.00 | $48.48 | 11.39% | 9.05% |
| Feb 08, 2023 | - | J.P. Morgan | $55.00 | $48.48 | 13.45% | 11.07% |
The latest Red Rock Resorts stock forecast, released on Oct 23, 2024 by Barry Jonas from Truist Financial, set a price target of $58.00, which represents a 13.58% increase from the stock price at the time of the forecast ($51.06), and a 17.12% increase from RRR last price ($49.52).
Red Rock Resorts Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 3 | 8 |
| Avg Price Target | $58.00 | $60.33 | $63.00 |
| Last Closing Price | $49.52 | $49.52 | $49.52 |
| Upside/Downside | 17.12% | 21.83% | 27.22% |
In the current month, the average price target of Red Rock Resorts stock is $58.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 17.12% increase as opposed to Red Rock Resorts's last price of $49.52. This month's average price target is down -3.86% compared to last quarter, and down -7.94% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 23, 2024 | Morgan Stanley | Underperform | Underperform | Hold |
| Oct 17, 2024 | Susquehanna | Underperform | Underperform | Hold |
| Oct 17, 2024 | Wells Fargo | Market Outperform | Market Outperform | Hold |
| Oct 17, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Sep 18, 2024 | Deutsche Bank | Buy | Buy | Hold |
| Sep 04, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Jul 30, 2024 | William Blair | Outperform | Outperform | Hold |
| Jul 24, 2024 | Macquarie | Outperform | Outperform | Hold |
| Jul 24, 2024 | Susquehanna | Positive | Positive | Hold |
| Jul 24, 2024 | Barclays | Overweight | Overweight | Hold |
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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 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 | $507.77M | $471.95M | $487.57M | $493.84M | $491.69M | $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 | $538.38M | $508.32M | $523.17M | $527.77M | $519.79M | $483.12M | $499.12M | $498.74M | $509.16M | $461.90M | $475.80M | $490.49M | $458.98M | $420.49M | $429.54M | $422.78M | $432.22M | $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 |
| Low Forecast | $514.63M | $485.89M | $500.08M | $504.48M | $496.86M | $461.81M | $477.10M | $489.36M | $476.11M | $454.51M | $475.80M | $490.49M | $429.02M | $401.52M | $410.59M | $404.12M | $413.15M | $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 |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 9 | 4 | 3 | 4 | 7 | 11 | 5 | 9 | 5 | 4 | 4 | 7 | 5 | 5 | 10 | 7 | 5 | 15 | 9 | 9 | 16 | 8 |
| 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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 9 | 4 | 3 | 4 | 7 | 11 | 5 | 9 | 5 | 4 | 4 | 7 | 5 | 5 | 10 | 7 | 5 | 15 | 9 | 9 | 16 | 8 |
| 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 | $182.69M | $169.80M | $175.42M | $177.68M | $176.90M | $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 | $193.70M | $182.89M | $188.23M | $189.88M | $187.01M | $173.82M | $179.58M | $179.44M | $183.19M | $166.18M | $171.19M | $231.91M | $165.13M | $151.29M | $154.54M | $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 | $185.16M | $174.82M | $179.92M | $181.51M | $178.76M | $166.15M | $171.65M | $176.06M | $171.30M | $163.53M | $171.18M | $154.61M | $154.36M | $144.46M | $147.73M | $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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 9 | 4 | 3 | 4 | 7 | 11 | 5 | 9 | 5 | 4 | 4 | 7 | 5 | 5 | 10 | 7 | 5 | 15 | 9 | 9 | 16 | 8 |
| 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 | $56.95M | $46.18M | $54.23M | $52.08M | $45.80M | $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 | $64.57M | $53.96M | $60.54M | $63.69M | $58.71M | $47.61M | $55.90M | $54.09M | $55.98M | $38.80M | $45.43M | $92.53M | $56.15M | $69.66M | $50.47M | $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 | $60.89M | $50.89M | $57.09M | $60.07M | $55.36M | $44.90M | $52.71M | $49.08M | $39.70M | $36.58M | $45.42M | $61.69M | $36.26M | $32.15M | $47.60M | $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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 9 | 4 | 3 | 4 | 7 | 11 | 5 | 9 | 5 | 4 | 4 | 7 | 5 | 5 | 10 | 7 | 5 | 15 | 9 | 9 | 16 | 8 |
| 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 | $116.05M | $107.86M | $111.44M | $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 | $123.05M | $116.18M | $119.57M | $120.62M | $118.80M | $110.42M | $114.08M | $113.99M | $116.37M | $105.57M | $108.74M | $165.17M | $104.90M | $96.10M | $98.17M | $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 | $117.62M | $111.05M | $114.29M | $115.30M | $113.56M | $105.55M | $109.04M | $111.84M | $108.82M | $103.88M | $108.74M | $110.11M | $98.05M | $91.77M | $93.84M | $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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 9 | 4 | 3 | 4 | 7 | 11 | 5 | 9 | 5 | 4 | 4 | 7 | 5 | 5 | 10 | 7 | 5 | 15 | 9 | 9 | 16 | 8 |
| 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 | $0.55 | $0.45 | $0.52 | $0.50 | $0.44 | $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 | $0.57 | $0.46 | $0.54 | $0.52 | $0.54 | $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 | $0.53 | $0.43 | $0.51 | $0.47 | $0.38 | $0.35 | $0.44 | $0.55 | $0.35 | $0.31 | $0.46 | $0.48 | $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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| FLL | Full House Resorts | $4.70 | $13.00 | 176.60% | Buy |
| CNTY | Century Casinos | $4.25 | $9.00 | 111.76% | Buy |
| CZR | Caesars Entertainment | $37.38 | $70.00 | 87.27% | Buy |
| MGM | MGM Resorts | $37.27 | $51.63 | 38.53% | Buy |
| RRR | Red Rock Resorts | $49.52 | $62.29 | 25.79% | Buy |
| WYNN | Wynn Resorts | $91.25 | $112.61 | 23.41% | Buy |
| GDEN | Golden Entertainment | $33.20 | $39.20 | 18.07% | Buy |
| LVS | Las Vegas Sands | $49.18 | $57.53 | 16.98% | Buy |
| PLYA | Playa Hotels & Resorts | $9.51 | $11.00 | 15.67% | Buy |
| MCRI | Monarch Casino & Resort | $82.87 | $84.00 | 1.36% | Hold |
| BALY | Bally's | $17.86 | $18.10 | 1.34% | Hold |
| BVH | Bluegreen Vacations | $75.00 | $45.00 | -40.00% | - |