Red Rock Resorts with ticker code (RRR) have now 9 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 65 and 43 with the average target price sitting at 53.33. Now with the previous closing price of 31.94 this indicates there is a potential upside of 67.0%. There is a 50 day moving average of 40.32 and the 200 moving average now moves to 47.22. The company has a market capitalisation of $2,032m. You can visit the company’s website by visiting: https://www.redrockresorts.com
The potential market cap would be $3,392m 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.
