Susquehanna has revised its outlook on Red Rock Resorts (RRR, Financial), reducing the price target from $61 to $52 while maintaining a Positive rating. Despite the adjustment, the firm remains optimistic about the company's prospects.
The analyst, Joseph Stauff, confirmed the consolidated revenue and EBITDA projections for the first quarter of 2025, estimating $500 million and $211 million, respectively. However, the forecasts for the second and third quarters have been slightly lowered by approximately 150 basis points. This adjustment reflects the anticipated impact of a softer Las Vegas leisure and hospitality market on the company's performance.
Investors and stakeholders are advised to consider these revised projections as they assess the potential impacts on Red Rock Resorts' future financial results.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for Red Rock Resorts Inc (RRR, Financial) is $54.85 with a high estimate of $62.00 and a low estimate of $43.00. The average target implies an upside of 33.06% from the current price of $41.22. More detailed estimate data can be found on the Red Rock Resorts Inc (RRR) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, Red Rock Resorts Inc's (RRR, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Red Rock Resorts Inc (RRR, Financial) in one year is $45.69, suggesting a upside of 10.84% from the current price of $41.22. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Red Rock Resorts Inc (RRR) Summary page.
