
RRR Stock Forecast & Price Target
RRR Analyst Ratings
Bulls say
Red Rock Resorts is a top pick for Gaming due to its strong development pipeline, best-in-class assets, and real estate ownership. Despite a modest 1Q miss, the company is transitioning into a cash-flow harvest phase with the central pillar of its growth story being the Durango development projected to generate $200m+ of EBITDA. The quant model reflects strong growth metrics, and RRR has a solid balance sheet with ~$134M of cash and ~$3.6B of debt.
Bears say
Red Rock Resorts is facing several headwinds in the near to medium term, including construction-related disruptions at key properties such as Green Valley Ranch and Durango, which are now expected to extend into 2Q and potentially beyond. This is expected to result in lower earnings and delayed earnings normalization, prompting a more conservative outlook. With a heavy reliance on one market and potentially rising interest rates, there are also concerns about the company's long-term sustainability and exposure to general macroeconomic risks.
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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