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

OverviewRevenueOwnershipFinancialsChartTranscripts

RRR Stock Forecast

Red Rock Resorts (RRR) stock forecast, based on 9 Wall Street analysts, predicts a 12-month average price target of $52.50, with a high of $65.00 and a low of $44.00. This represents a 9.99% increase from the last price of $47.73.

$40 $45 $50 $55 $60 $65 High: $65 Avg: $52.5 Low: $44 Last Closed Price: $47.73

RRR Stock Rating

Red Rock Resorts stock's rating consensus is Buy, based on 9 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 7 Buy (77.78%), 2 Hold (22.22%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 9 0 2 7 Strong Sell Sell Hold Buy Strong Buy

RRR Forecast vs Benchmarks

TypeNameUpside
StockRed Rock Resorts9.99%
SectorConsumer Cyclical Stocks 4.57%
IndustryGambling, Resorts & Casinos Stocks 19.52%

Price Target Trends

1M3M12M
# Anlaysts3412
Avg Price Target$49.33$48.00$58.00
Last Closing Price$47.73$47.73$47.73
Upside/Downside3.35%0.57%21.52%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 25357--15
Dec, 24356--14
Nov, 24366--15
Oct, 24385--16
Sep, 24385--16
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jan 14, 2025Barry JonasTruist Financial$49.00$44.799.40%2.66%
Jan 14, 2025Stephen GramblingMorgan Stanley$48.00$44.797.17%0.57%
Jan 03, 2025Cassandra LeeJefferies$51.00$44.7214.04%6.85%
Nov 25, 2024Ben ChaikenMizuho Securities$44.00$50.85-13.47%-7.81%
Oct 23, 2024Barry JonasTruist Financial$58.00$51.0713.57%21.52%
Oct 17, 2024Daniel PolitzerWells Fargo$58.00$52.2910.92%21.52%
Sep 18, 2024Carlo SantarelliDeutsche Bank$65.00$53.8720.66%36.18%
Jul 24, 2024Chad BeynonMacquarie$65.00$56.3815.29%36.18%
Jul 24, 2024Barry JonasTruist Financial$63.00$60.713.77%31.99%
Apr 23, 2024Barry JonasTruist Financial$60.00$58.362.81%25.71%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Jan 14, 2025Morgan StanleyOverweightOverweighthold
Jan 03, 2025JefferiesBuyHolddowngrade
Oct 23, 2024Morgan StanleyUnderperformUnderperformhold
Oct 17, 2024SusquehannaUnderperformUnderperformhold
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

Financial Forecast

EPS Forecast

$-3 $-2 $-1 $0 $1 $2 $3 $4 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$-2.47$3.05$3.73$3.04----
Avg Forecast$-1.60$1.29$1.66$1.59$1.52$1.75$1.96$3.41
High Forecast$-1.64$1.26$1.62$1.49$1.49$1.49$1.77$3.30
Low Forecast$-1.57$1.33$1.71$1.66$1.58$2.05$2.24$3.53
Surprise %54.38%136.43%124.70%91.19%----

Revenue Forecast

$1B $1B $2B $2B $2B $2B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$1.18B$1.62B$1.66B$1.72B----
Avg Forecast$1.18B$1.60B$1.66B$1.70B$1.93B$1.95B$2.04B$2.04B
High Forecast$1.16B$1.58B$1.63B$1.69B$1.92B$1.90B$2.04B$2.04B
Low Forecast$1.21B$1.64B$1.70B$1.72B$1.94B$2.00B$2.04B$2.04B
Surprise %0.10%0.83%0.15%1.22%----

Net Income Forecast

$-3B $-2B $-1B $-700M $-100M $500M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$-174.54M$354.83M$390.35M$176.00M----
Avg Forecast$-1.63B$50.49M$342.54M$176.00M$158.39M$179.94M$205.35M$352.15M
High Forecast$-2.04B$-40.79M$274.03M$140.80M$153.49M$153.65M$182.63M$340.39M
Low Forecast$-1.22B$141.78M$411.05M$211.20M$163.29M$211.65M$231.12M$363.92M
Surprise %-89.28%602.72%13.96%-----

RRR Forecast FAQ

Is Red Rock Resorts stock a buy?

Red Rock Resorts stock has a consensus rating of Buy, based on 9 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 7 Buy, 2 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Red Rock Resorts is a favorable investment for most analysts.

What is Red Rock Resorts's price target?

Red Rock Resorts's price target, set by 9 Wall Street analysts, averages $52.5 over the next 12 months. The price target range spans from $44 at the low end to $65 at the high end, suggesting a potential 9.99% change from the previous close price of $47.73.

How does Red Rock Resorts stock forecast compare to the average forecast of its sector, industry, and investment themes?

Red Rock Resorts stock forecast shows a 9.99% upside, outperforming the average forecast for the consumer cyclical stocks sector (4.57%) and underperforming the gambling, resorts & casinos stocks industry (19.52%).

What is the breakdown of analyst ratings for Red Rock Resorts over the past three months?

  • January 2025: 20.00% Strong Buy, 33.33% Buy, 46.67% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 21.43% Strong Buy, 35.71% Buy, 42.86% Hold, 0% Sell, 0% Strong Sell.
  • November 2024: 20.00% Strong Buy, 40.00% Buy, 40.00% Hold, 0% Sell, 0% Strong Sell.

What is Red Rock Resorts’s EPS forecast?

Red Rock Resorts's average annual EPS forecast for its fiscal year ending in December is 1.52 for 2024, a -50.00% decrease from the reported $3.04 in 2023. The prediction for 2025 is $1.75, $1.96 for 2026, and $3.41 for 2027.

What is Red Rock Resorts’s revenue forecast?

Red Rock Resorts's average annual revenue forecast for its fiscal year ending in December is $1.93B for 2024, a 12.14% increase from the reported $1.72B in 2023. The forecast for 2025 is $1.95B, $2.04B for 2026, and $2.04B for 2027.

What is Red Rock Resorts’s net income forecast?

For its fiscal year ending in December, Red Rock Resorts's average annual net income forecast is $158.39M for 2024, reflecting a -10.01% decrease from the reported $176M in 2023. The projection for 2025 is $179.94M, $205.35M for 2026, and $352.15M for 2027.