Red Rock Resorts

RRR: Ongoing Renovations And Expansion Are Expected To Drive Stronger Upside Momentum

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

28 Aug 24

Updated

20 Dec 25

Views

77

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

38.5%

7D

2.4%

Loading

1Y

38.5%

7D

2.4%

You can edit this narrative until Dec 21 12:10 AM. Then, changes will post as Updates.

Author's Valuation

US$65.22.5% undervalued

AnalystConsensusTarget Fair Value

Shared on 20 Dec 25

Fair value Increased 0.20%

RRR: Las Vegas Locals Strength And Pipeline Execution Will Shape Future Upside Risk

Analysts have nudged their fair value estimate for Red Rock Resorts slightly higher to approximately $65.20 per share from about $65.07, citing a robust Las Vegas locals backdrop, a growing pipeline of development and expansion projects, and expectations for solid EBITDA growth despite ongoing construction disruption. Analyst Commentary Recent Street research continues to highlight a constructive backdrop for Red Rock Resorts, with most commentary focused on the durability of Las Vegas locals demand, the scale of the development pipeline, and how ongoing construction disruption is being reflected in forward estimates and valuation.

Shared on 05 Dec 25

Fair value Decreased 1.07%

RRR: Expanded Project Pipeline Will Drive Future Upside Despite Ongoing Renovations

Analysts have trimmed their average price target on Red Rock Resorts by less than $1 to approximately $65, citing a fully valued share price in the near term. This comes despite robust Las Vegas locals fundamentals and a multiyear project pipeline that could add several hundred million dollars of incremental EBITDA.

Shared on 21 Nov 25

Fair value Decreased 0.12%

RRR: Project Pipeline Expansion Will Drive Incremental Upside Amid Renovation Progress

Red Rock Resorts' consensus price target edged lower by $0.08 to $65.77, as analysts noted ongoing construction disruptions and fully valued shares. However, they continue to see long-term growth potential supported by project expansions and local market strength.

Shared on 05 Nov 25

Fair value Increased 2.76%

Red Rock Resorts' analyst price target has increased by nearly $2 to approximately $65.85. Analysts cite strong project momentum, sustained revenue growth, and local market strength as key drivers for the upward revision.

Shared on 21 Oct 25

Fair value Increased 0.97%

The analyst price target for Red Rock Resorts has been raised by $1 to $65 per share. Analysts cite continued strong performance and increased market optimism as supporting factors for higher valuations.

Shared on 31 Jul 25

Fair value Increased 9.85%

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 on 07 May 25

Fair value Decreased 36%

Shared on 30 Apr 25

Fair value Decreased 0.14%

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

Shared on 23 Apr 25

Fair value Decreased 2.92%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

Fair value Decreased 3.91%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Increased 0.35%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

Fair value Decreased 0.031%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 10 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.

AnalystConsensusTarget Fair Value

US$65.2

2.5% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

3.50%

Hospitality revenue growth rate

0.49%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

9.80%

Calculation

US$263.55m

Earnings '28

x

18.98x

PE Ratio '28

=

US$5.00b

Market Cap '28

US$5.00b

Market Cap '28

/

58.23m

No. shares '28

=

US$85.92

Share Price '28

US$85.92 Share Price '28

Discounted to 2025 @ 9.78% p.a.

=

US$64.94

Fair Value '25