
RRR Stock Forecast & Price Target
RRR Analyst Ratings
Bulls say
Red Rock Resorts is a top pick for gaming, thanks to its strategic locations, a strong pipeline of owned developments, and its real estate ownership. Despite a modest 1Q miss in EBITDA, the company remains on track for cash-flow harvest and its Durango project is expected to drive significant growth in the coming years. Its quant model suggests strong growth potential and the company has a clear path to normalized earnings power with a visible reinvestment and development pipeline. However, near-term earnings may be lower due to construction disruptions, leading to a shift in the disruption profile and delaying the realization of earnings. Overall, the company remains a strong investment opportunity with a positive outlook.
Bears say
Red Rock Resorts is a regional gaming operator with a significant presence in the Las Vegas locals market, boasting 19 properties and over 24,000 slot machines. Despite strong demographics and population growth, the current construction disruption and its impact on earnings have led to a lowered price target and reset estimates, suggesting a delay in realizing earnings. While management remains optimistic about the long-term growth opportunities, the short-term outlook remains uncertain.
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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