Truist has adjusted its outlook on Red Rock Resorts (RRR, Financial), reducing its price target from $56 to $45 while maintaining a Hold rating on the shares. This decision reflects growing concerns over tariff-related uncertainties, which have led to a more cautious approach in the firm's assessments.
Despite this downgrade, Truist remains optimistic about the gaming industry's potential within the broader and varied consumer sector. The firm continues to identify gaming as one of the stronger sub-sectors in the current economic landscape. However, the prevailing uncertainty has necessitated a reassessment of their evaluations for Red Rock Resorts.
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 27.12% from the current price of $41.45. 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 9.89% from the current price of $41.45. 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.
