Local Migration And Upgrades Will Energize Las Vegas Resorts

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AnalystConsensusTarget
Consensus Narrative from 13 Analysts
Published
28 Aug 24
Updated
07 Aug 25
AnalystConsensusTarget's Fair Value
US$63.23
11.0% undervalued intrinsic discount
07 Aug
US$56.29
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1Y
2.5%
7D
-7.0%

Author's Valuation

US$63.2

11.0% undervalued intrinsic discount

AnalystConsensusTarget Fair Value

Shared on31 Jul 25
Fair value Increased 9.45%

The substantial drop in Red Rock Resorts’ forward P/E multiple, combined with a modest uptick in consensus revenue growth forecasts, has led analysts to raise their fair value estimate, increasing the price target from $57.77 to $61.46. What's in the News Red Rock Resorts completed the repurchase of 7,310,906 shares (11.29% of outstanding) for $288.33 million under the buyback announced in 2019, with no shares repurchased during Q1 2025.

Shared on07 May 25
Fair value Decreased 36%

Shared on30 Apr 25
Fair value Decreased 0.14%

AnalystConsensusTarget has decreased shares outstanding growth rate from 0.0% to 0.0%.

Shared on23 Apr 25
Fair value Decreased 2.92%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on17 Apr 25
Fair value Decreased 3.91%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on09 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on02 Apr 25
Fair value Increased 0.35%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on26 Mar 25
Fair value Decreased 0.031%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on19 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on10 Mar 25
Fair value Increased 81%

AnalystConsensusTarget has increased revenue growth from 2.2% to 2.9% and decreased future PE multiple from 41.7x to 36.7x.