From Financial Modeling Prep: 2025-02-11 07:00:01

The consensus price target for Red Rock Resorts, Inc. (NASDAQ:RRR) has been adjusted from $58 to $48.5, reflecting a cautious outlook from analysts. Despite this, the company reported a 13.7% increase in net revenues for Q3 2024, totaling $468 million. Red Rock Resorts also exceeded earnings per share expectations with $0.48, showcasing positive performance.

Red Rock Resorts, Inc. (NASDAQ:RRR) holds a significant presence in the casino and entertainment sector, focusing on the Las Vegas regional market. With 9 gaming and entertainment facilities, 10 smaller casinos, and the Graton Resort & Casino in northern California, the company has a diverse and expansive portfolio.

Although the consensus price target for Red Rock Resorts has decreased from $58 to $48.5, recent financial results for Q3 2024 have been strong. The company’s net revenues increased by 13.7% to $468 million, demonstrating solid performance. Despite a year-over-year decline, earnings per share of $0.48 surpassed expectations, indicating a positive trajectory.

Deutsche Bank has set a price target of $45 for Red Rock Resorts, aligning with their analysis of the company’s future prospects. During the Q3 2024 earnings call, executives discussed financial metrics and strategic plans, providing insights into the company’s performance. Red Rock Resorts’ earnings per share of $0.48 exceeded expectations, showcasing a positive outlook for the company.



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