Red Rock Stock Target Price and Analyst Consensus

RRR Stock  USD 59.82  0.06  0.10%   
The current analyst and expert consensus on Red Rock is Strong Buy, with 6 strong buy opinions. The current projected Red Rock target price consensus is 51.36 with 13 analyst opinions. The most common way Red Rock Resorts analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Red Rock executives and customers to further validate their buy or sell advice. Red Rock buy-or-sell recommendation module provides average expert sentiment on the projected Red Rock Resorts target price to derive its highest and lowest estimates based on its projected price volatility. Check out Macroaxis Advice on Red Rock to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
Lowest Forecast
46.74
Highest Forecast
57.01
Target Price
51.36
At this time, Red Rock's Pretax Profit Margin is relatively stable compared to the past year. As of 03/29/2024, Net Profit Margin is likely to grow to 0.11, while Gross Profit is likely to drop slightly above 923.9 M. At this time, Red Rock's Intangible Assets are relatively stable compared to the past year. As of 03/29/2024, Short Term Investments is likely to grow to about 9.9 M, while Total Assets are likely to drop slightly above 3.8 B.
  
It's important to approach Red Rock's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Red Rock price targets

Red Rock's stock target price is an estimate of its future price, usually made by analysts. Using Red Rock's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Red Rock's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Red Rock's stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Red Rock Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Red Rock is a key component of Red Rock valuation and have some predictive power on the future returns of a Red Rock.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Red Rock's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
57.9959.8261.65
Details
Intrinsic
Valuation
LowRealHigh
53.2055.0365.80
Details
Naive
Forecast
LowNextHigh
59.2561.0762.90
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.430.661.08
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Red Rock. Your research has to be compared to or analyzed against Red Rock's peers to derive any actionable benefits. When done correctly, Red Rock's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Red Rock Resorts.

Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.
Cleaning Idea
Cleaning
Invested over 100 shares
Warren Buffett Holdings Idea
Warren Buffett Holdings
Invested few shares
Macroaxis Index Idea
Macroaxis Index
Invested over 200 shares
Banking Idea
Banking
Invested over 40 shares
When determining whether Red Rock Resorts is a strong investment it is important to analyze Red Rock's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Red Rock's future performance. For an informed investment choice regarding Red Stock, refer to the following important reports:
Check out Macroaxis Advice on Red Rock to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

Complementary Tools for Red Stock analysis

When running Red Rock's price analysis, check to measure Red Rock's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Red Rock is operating at the current time. Most of Red Rock's value examination focuses on studying past and present price action to predict the probability of Red Rock's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Red Rock's price. Additionally, you may evaluate how the addition of Red Rock to your portfolios can decrease your overall portfolio volatility.
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Fundamental Analysis
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The data published in Red Rock's official financial statements usually reflect Red Rock's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Red Rock Resorts. For example, before you start analyzing numbers published by Red accountants, it's critical to develop an understanding of what Red Rock's liquidity, profitability, and earnings quality are in the context of the Hotels, Restaurants & Leisure space in which it operates.
Please note, the presentation of Red Rock's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Red Rock's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Red Rock's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Red Rock Resorts. Please utilize our Beneish M Score to check the likelihood of Red Rock's management manipulating its earnings.