
RRR Stock Forecast & Price Target
RRR Analyst Ratings
Bulls say
Red Rock Resorts is supported by a high-margin, gaming-centric model with durable demand in the Las Vegas locals market, where stable slot and table trends, near-record margins, and strong carded play have driven the highest Q1 net revenue and second highest Adj. EBITDA in company history. Its outlook is further strengthened by a visible reinvestment pipeline, including roughly $550M of committed spend in 2026 and 2027, fully financed North Fork construction on track for an early 4Q26 opening, and renovations at Green Valley Ranch and Sunset Station that should support higher ADR, more traffic, and better pricing power. Despite near-term construction disruption in 2026 and 2027, the company is generating substantial free cash flow, supporting buybacks and dividends, with leverage expected to decline to 3.6x by 2027E and EBITDA growth modeled at 10% in 2027E.
Bears say
Red Rock Resorts is facing a negative outlook because 1Q26 showed a clear earnings miss, with company-wide EBITDA of $213M coming in 3% below consensus and Las Vegas Locals EBITDA of $232M missing expectations as margins fell 113 bps year over year. The bigger concern is that construction disruption is no longer a short-lived issue: Green Valley Ranch remains a roughly $9M drag, Durango adds $2-3M more, and project timelines have pushed further into summer 2027, delaying earnings normalization. In addition, the company’s 100% exposure to the Las Vegas locals market leaves it vulnerable to macro shocks, higher interest rates, and potential regulatory changes such as smoking bans, all of which could further pressure visitation and profitability.
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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