Red Rock Resorts with ticker code (RRR) now have 9 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 65 and 43 and has a mean target at 53.33. Given that the stocks previous close was at 33.36 this is indicating there is a potential upside of 59.9%. The 50 day moving average now sits at 38.23 while the 200 day moving average is 46.71. The company has a market cap of $2,104m. Visit the company website at: https://www.redrockresorts.com
The potential market cap would be $3,364m based on the market concensus.
Red Rock Resorts, through its interest in Station Holdco and Station LLC, develops and operates casino and entertainment properties in the United States. It operates through two segments, Las Vegas Operations and Native American Management. The company owns and operates 9 gaming and entertainment facilities, and 10 smaller casinos in the Las Vegas regional market. In addition, it manages Graton Resort & Casino in northern California. As of December 31, 2021, it operated approximately 13,894 slot machines, 240 table games, and 3,081 hotel rooms in the Las Vegas market. The company was formerly known as Station Casinos Corp. and changed its name to Red Rock Resorts in January 2016. Red Rock Resorts was incorporated in 1976 and is based in Las Vegas, Nevada.
