
RRR Stock Forecast & Price Target
RRR Analyst Ratings
Bulls say
Red Rock Resorts is a company with strong potential, demonstrated by its diversified revenue streams, high-margin gaming-centric model, and strategic location in the growing Las Vegas valley. In addition, the company's owned development pipeline positions them for long-term growth, with management consistently underwriting projects with 20%+ IRR thresholds. While there has been a shift in construction timelines and a more prolonged disruption period, the company's strong balance sheet and solid capital allocation strategy provide support for future growth and attractive returns for shareholders.
Bears say
Red Rock Resorts is facing headwinds in the current quarter, with heavy disruption and construction-related costs impacting their Q1 earnings. This has led to a delay in earnings normalization, with a potential multi-quarter drag on earnings. The company is also facing risks from general macroeconomic factors and its exposure to a single market. Management's focus on serving higher-end customers may also limit their ability to compete in the value-seeking Las Vegas market.
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
Start investing in RRR
Order type
Buy in
Order amount
Est. shares
0 shares