Barclays analyst Brandt Montour has revised the price target for Red Rock Resorts (RRR, Financial), dropping it to $54 from a previous $58, while maintaining an Overweight rating on the company’s shares. This adjustment comes as part of a first-quarter outlook for the gaming industry.
Despite resilience in underlying gaming markets, Montour suggests that an extended economic slowdown could have a more pronounced impact on Las Vegas than on regional markets and digital gaming platforms. The insight reflects concerns that the economic climate might pressure Las Vegas' recovery.
Additionally, Barclays notes that the Macau segment appears most progress towards reduced risk under current market conditions. This perspective highlights the varying regional impacts within the broader gaming sector as economies navigate ongoing uncertainties.
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 $52.69 with a high estimate of $62.00 and a low estimate of $41.00. The average target implies an upside of 31.60% from the current price of $40.04. 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 $45.55, suggesting a upside of 13.76% from the current price of $40.04. 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.
