Red Rock Resorts (RRR) Stock Forecast & Price Target

$49.75 -0.74 (-1.47%)

(As of 11/26/2024 ET)

Red Rock Resorts - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 12 Analyst Ratings

Sell
0

Hold
6

Buy
6

Based on 12 Wall Street analysts who have issued ratings for Red Rock Resorts in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 12 analysts, 6 have given a hold rating, and 6 have given a buy rating for RRR.

Consensus Price Target

$60.42
21.44% Upside

According to the 12 analysts' twelve-month price targets for Red Rock Resorts, the average price target is $60.42. The highest price target for RRR is $70.00, while the lowest price target for RRR is $44.00. The average price target represents a forecasted upside of 21.44% from the current price of $49.75.

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RRR Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	5 Buy rating(s)
Hold	6 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$60.42	$62.58	$63.33	$51.29
Forecasted Upside	21.44% Upside	18.98% Upside	11.21% Upside	12.30% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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RRR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

RRR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Red Rock Resorts Stock vs. The Competition

Type	Red Rock Resorts	Consumer Discretionary Companies	S&P 500
Consensus Rating Score	2.50	2.56	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	21.44% Upside	1,221.04% Upside	6.71% Upside
News Sentiment Rating	Neutral News See Recent RRR News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/25/2024	Mizuho 2 of 5 stars	B. Chaiken Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Neutral	$57.00 ➝ $44.00	-13.47%
11/8/2024	Macquarie 2 of 5 stars		Lower Target	Outperform ➝ Outperform	$65.00 ➝ $64.00	+20.14%
11/8/2024	Barclays 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$65.00 ➝ $62.00	+18.43%
10/23/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$63.00 ➝ $58.00	+12.80%
10/17/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Politzer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$64.00 ➝ $58.00	+9.85%
10/14/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Outperform ➝ Market Outperform	$65.00 ➝ $65.00	+23.34%
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9/4/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$54.00 ➝ $56.00	-1.37%
7/24/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$62.00 ➝ $69.00	+19.98%
7/24/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$59.00 ➝ $62.00	+7.81%
7/24/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive ➝ Positive	$63.00 ➝ $70.00	+21.99%
5/13/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Neutral	$57.00 ➝ $55.00	+9.52%
1/24/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$54.00 ➝ $62.00	+15.52%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 11:36 PM ET.

RRR Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Red Rock Resorts is $60.42, with a high forecast of $70.00 and a low forecast of $44.00.
: 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Red Rock Resorts in the last twelve months. There are currently 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" RRR shares.
: According to analysts, Red Rock Resorts's stock has a predicted upside of 21.44% based on their 12-month stock forecasts.
: Over the previous 90 days, Red Rock Resorts's stock had 1 downgrade by analysts.
: Red Rock Resorts has been rated by research analysts at Barclays, JMP Securities, Macquarie, Mizuho, Morgan Stanley, Truist Financial, and Wells Fargo & Company in the past 90 days.
: Analysts like Red Rock Resorts less than other "consumer discretionary" companies. The consensus rating score for Red Rock Resorts is 2.50 while the average consensus rating score for "consumer discretionary" companies is 2.56. Learn more on how RRR compares to other companies.

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This page (NASDAQ:RRR) was last updated on 11/26/2024 by MarketBeat.com Staff

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Red Rock Resorts (RRR) Stock Forecast & Price Target