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


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RRR Stock Forecast


Red Rock Resorts stock forecast is as follows: an average price target of $60.29 (represents a 11.24% upside from RRR’s last price of $54.20) and a rating consensus of 'Buy', based on 10 wall street analysts offering a 1-year stock forecast.

RRR Price Target


The average price target for Red Rock Resorts (RRR) is $60.29 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $71.00 to $50.00. This represents a potential 11.24% upside from RRR's last price of $54.20.

RRR Analyst Ratings


Buy

According to 10 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' (70.00%), 3 'Hold' (30.00%), 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
Jul 24, 2024Chad BeynonMacquarie$65.00$56.3815.29%19.93%
Jul 24, 2024Barry JonasTruist Financial$63.00$60.713.77%16.24%
Apr 23, 2024Barry JonasTruist Financial$60.00$58.362.81%10.70%
Apr 19, 2024Brandt MontourBarclays$64.00$57.8610.61%18.08%
Apr 08, 2024Cassandra LeeJefferies$71.00$61.5515.35%31.00%
Feb 08, 2023-Wells Fargo$54.00$48.4811.39%-0.37%
Feb 08, 2023-J.P. Morgan$55.00$48.4813.45%1.48%
Aug 10, 2022-Deutsche Bank$50.00$40.8022.55%-7.75%
Jul 20, 2022-Truist Financial$45.00$35.7625.84%-16.97%
Jul 14, 2022-Wells Fargo$48.00$32.8945.94%-11.44%
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The latest Red Rock Resorts stock forecast, released on Jul 24, 2024 by Chad Beynon from Macquarie, set a price target of $65.00, which represents a 15.29% increase from the stock price at the time of the forecast ($56.38), and a 19.93% increase from RRR last price ($54.20).

Red Rock Resorts Price Target by Period


1M3M12M
# Anlaysts-25
Avg Price Target-$64.00$64.60
Last Closing Price$54.20$54.20$54.20
Upside/Downside-100.00%18.08%19.19%

In the current month, the average price target of Red Rock Resorts stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Red Rock Resorts's last price of $54.20. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
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 Securities-NeutralUpgrade
Apr 19, 2024JMP SecuritiesOutperformOutperformHold
Apr 19, 2024BarclaysOverweightOverweightHold
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Red Rock Resorts's last stock rating was published by Morgan Stanley on Sep 04, 2024. The company gave RRR a "Equal-Weight" 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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue-------------$411.61M$416.13M$433.64M$425.47M$414.44M-$401.64M$422.35M$414.77M$428.16M$352.62M$343.41M$353.18M$108.47M$377.39M$460.79M$465.86M
Avg Forecast$538.26M$501.11M$526.14M$534.96M$525.46M$482.66M$502.56M$511.04M$505.83M$465.56M$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$549.07M$511.18M$536.71M$545.70M$536.01M$492.35M$512.65M$521.30M$515.99M$496.53M$485.35M$500.34M$458.98M$420.49M$428.03M$421.29M$430.69M$414.80M$404.35M$424.18M$424.96M$432.05M$396.20M$351.16M$355.47M$283.15M$76.54M$424.69M$482.37M$484.29M
Low Forecast$526.85M$490.49M$514.99M$523.62M$514.32M$472.43M$491.91M$500.21M$495.11M$455.66M$465.71M$480.09M$429.02M$401.52M$410.71M$404.24M$413.27M$398.01M$404.35M$397.06M$397.79M$404.42M$370.87M$328.70M$332.75M$265.04M$71.65M$397.54M$451.53M$453.33M
# Analysts9999888891094711595443485101010101099
Surprise %-------------1.00%0.99%1.05%1.01%1.02%-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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts9999888891094711595443485101010101099
EBITDA-------------$170.79M$170.47M$188.89M$189.66M$177.20M-$175.24M$136.59M$130.94M$149.07M$16.96M$116.87M$130.73M$20.36M$55.58M$98.31M$81.94M
Avg Forecast$199.01M$185.28M$194.53M$197.79M$194.28M$178.45M$185.81M$188.95M$187.02M$172.13M$175.92M$193.26M$162.96M$151.91M$155.14M$175.69M$156.11M$129.89M$149.50M$159.72M$66.29M$118.08M$201.24M$53.14M$81.81M$100.77M$22.20M$151.14M$158.53M$248.90M
High Forecast$203.01M$189.00M$198.44M$201.76M$198.18M$182.04M$189.54M$192.74M$190.78M$183.58M$179.45M$231.91M$169.70M$155.47M$158.26M$210.83M$159.24M$155.87M$149.50M$191.66M$79.54M$141.70M$241.49M$63.77M$98.17M$104.69M$26.64M$157.02M$190.23M$298.68M
Low Forecast$194.79M$181.35M$190.41M$193.60M$190.16M$174.67M$181.87M$184.94M$183.06M$168.47M$172.19M$154.61M$158.62M$148.45M$151.85M$140.55M$152.80M$103.91M$149.50M$127.77M$53.03M$94.47M$160.99M$42.52M$65.45M$97.99M$17.76M$146.98M$126.82M$199.12M
Surprise %-------------1.12%1.10%1.08%1.21%1.36%-1.10%2.06%1.11%0.74%0.32%1.43%1.30%0.92%0.37%0.62%0.33%

7 analysts predict RRR's average Quarter EBITDA for Dec 23 to be $162.96M, with a high of $169.70M and a low of $158.62M. This is -4.59% 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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts9999888891094711595443485101010101099
Net Income-------------$35.52M$39.51M$85.53M$170.22M$95.45M-$92.25M$200.11M$117.94M$143.35M$-106.56M$49.63M$12.81M$-111.76M$-177.80M$6.84M$-26.80M
Avg Forecast$39.98M$35.79M$39.01M$42.93M$35.70M$30.11M$31.78M$38.98M$33.38M$26.48M$26.61M$77.11M$27.41M$25.12M$28.69M$70.10M$32.34M$70.68M$56.07M$63.73M$72.15M$64.25M$117.06M$-202.97M$20.80M$196.35M$-77.99M$-1.77B$7.79M$-47.56M
High Forecast$41.02M$36.73M$40.03M$44.05M$36.63M$30.89M$32.61M$40.00M$34.25M$33.27M$27.31M$92.53M$32.90M$40.81M$29.44M$84.12M$33.18M$84.82M$56.07M$76.47M$86.58M$77.11M$140.48M$-162.38M$24.96M$235.62M$-62.39M$-1.41B$9.34M$-38.05M
Low Forecast$38.88M$34.81M$37.93M$41.74M$34.71M$29.28M$30.90M$37.91M$32.46M$23.09M$25.88M$61.69M$21.25M$18.84M$27.90M$56.08M$31.45M$56.54M$56.07M$50.98M$57.72M$51.40M$93.65M$-243.57M$16.64M$157.08M$-93.58M$-2.12B$6.23M$-57.07M
Surprise %-------------1.41%1.38%1.22%5.26%1.35%-1.45%2.77%1.84%1.22%0.53%2.39%0.07%1.43%0.10%0.88%0.56%

Red Rock Resorts's average Quarter net income forecast for Dec 23 is $27.41M, with a range of $21.25M to $32.90M. RRR's average Quarter net income forecast represents a -22.81% decrease 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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts9999888891094711595443485101010101099
SG&A-------------$91.85M$93.48M$92.50M$84.98M$91.57M-$86.30M$91.49M$92.60M$84.09M$78.91M$136.27M$136.79M$123.16M$159.81M$156.53M$165.58M
Avg Forecast$123.02M$114.53M$120.25M$122.27M$120.09M$110.31M$114.86M$116.80M$115.61M$106.40M$108.74M$137.64M$100.73M$93.90M$95.90M$125.13M$96.50M$91.86M$92.41M$113.75M$44.40M$83.51M$113.52M$247.25M$95.39M$62.29M$16.84M$93.43M$252.40M$106.54M
High Forecast$125.49M$116.83M$122.66M$124.72M$122.51M$112.53M$117.17M$119.14M$117.93M$113.48M$110.93M$165.17M$104.90M$96.10M$97.83M$150.16M$98.44M$110.24M$92.41M$136.50M$53.28M$100.21M$136.23M$296.70M$114.47M$64.71M$17.49M$97.06M$302.89M$110.68M
Low Forecast$120.41M$112.10M$117.70M$119.67M$117.55M$107.97M$112.43M$114.32M$113.16M$104.14M$106.44M$110.11M$98.05M$91.77M$93.87M$100.10M$94.45M$73.49M$92.41M$91.00M$35.52M$66.81M$90.82M$197.80M$76.31M$60.58M$16.37M$90.86M$201.92M$103.61M
Surprise %-------------0.98%0.97%0.74%0.88%1.00%-0.76%2.06%1.11%0.74%0.32%1.43%2.20%7.31%1.71%0.62%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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts9999888891094711595443485101010101099
EPS-------------$0.61$0.68$1.48$2.96$1.65-$1.51$3.02$1.71$2.04$-1.51$0.70$0.18$-1.58$-2.54$0.10$-0.38
Avg Forecast$0.66$0.59$0.64$0.71$0.59$0.50$0.52$0.64$0.55$0.44$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$0.68$0.60$0.66$0.73$0.60$0.51$0.54$0.66$0.56$0.55$0.45$0.57$0.54$0.67$0.48$0.50$0.55$0.53$0.54$0.62$0.57$0.57$0.41$0.29$0.32$-0.00$-1.04$0.12$0.19$0.16
Low Forecast$0.64$0.57$0.62$0.69$0.57$0.48$0.51$0.62$0.53$0.38$0.43$0.54$0.35$0.31$0.46$0.48$0.52$0.51$0.54$0.56$0.53$0.53$0.38$0.27$0.29$-0.00$-1.13$0.11$0.17$0.14
Surprise %-------------1.48%1.44%3.02%5.56%3.17%-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
CNTYCentury Casinos$2.57$13.00405.84%Buy
FLLFull House Resorts$5.08$13.00155.91%Buy
CZRCaesars Entertainment$38.87$73.0888.01%Buy
MGMMGM Resorts$36.51$52.8444.73%Buy
LVSLas Vegas Sands$40.02$57.0042.43%Buy
PLYAPlaya Hotels & Resorts$7.77$11.0041.57%Buy
WYNNWynn Resorts$78.46$109.8239.97%Buy
GDENGolden Entertainment$32.58$41.0025.84%Buy
MCRIMonarch Casino & Resort$75.36$84.0011.46%Hold
RRRRed Rock Resorts$54.20$60.2911.24%Buy
BALYBally's$17.31$18.104.56%Hold
BVHBluegreen Vacations$75.00$45.00-40.00%-

RRR Forecast FAQ


Yes, according to 10 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 70.00% of RRR's total ratings.

Red Rock Resorts (RRR) average price target is $60.29 with a range of $50 to $71, implying a 11.24% from its last price of $54.2. The data is based on 10 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for RRR stock, the company can go up by 11.24% (from the last price of $54.2 to the average price target of $60.29), up by 31.00% based on the highest stock price target, and down by -7.75% based on the lowest stock price target.

RRR's average twelve months analyst stock price target of $60.29 does not support the claim that Red Rock Resorts can reach $80 in the near future.

Red Rock Resorts's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $2.02B (high $2.06B, low $1.98B), average EBITDA is $747.49M (high $762.5M, low $731.65M), average net income is $136.56M (high $140.13M, low $132.8M), average SG&A $462.07M (high $471.34M, low $452.27M), and average EPS is $2.25 (high $2.31, low $2.19). RRR's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $2.1B (high $2.14B, low $2.06B), average EBITDA is $776.61M (high $792.2M, low $760.15M), average net income is $157.7M (high $161.82M, low $153.36M), average SG&A $480.07M (high $489.71M, low $469.89M), and average EPS is $2.6 (high $2.66, low $2.52).

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 $595.21M by 21.89%. The company's net income was $390.35M, beating the average estimation of $222.81M by 75.19%. Apple's SG&A was $353.04M, missing the average forecast of $394.53M by -10.52%. 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 $151.91M by 12.43%. Red Rock Resorts's net income was $35.52M, beating the average estimation of $25.12M by 41.41%. 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%