Home / Business and Economy / Analysts Bullish on Red Rock Resorts, Raise Price Targets by 10%
Analysts Bullish on Red Rock Resorts, Raise Price Targets by 10%
21 Oct
Summary
- 9 analysts released ratings for Red Rock Resorts in the past 3 months
- Average 12-month price target increased by 10% to $63.56
- Company's net margin and returns exceed industry averages
Over the past 3 months, a group of 9 financial analysts have closely examined Red Rock Resorts (NASDAQ:RRR) and released a range of ratings, from bullish to bearish. The analysts' latest assessments have revealed a decidedly positive sentiment towards the company.
The analysts have set a new 12-month average price target of $63.56 for Red Rock Resorts, a significant increase of 10% from the previous average of $57.78. This upward revision reflects the analysts' growing confidence in the company's prospects, with a high estimate of $70.00 and a low estimate of $53.00.
Delving deeper into the company's financials, Red Rock Resorts has demonstrated impressive performance. Its net margin of 10.72% exceeds industry averages, showcasing strong profitability and effective cost control. Additionally, the company's return on equity (ROE) and return on assets (ROA) surpass industry standards, highlighting its exceptional financial management and efficient utilization of resources.
Despite facing challenges in managing its debt levels, Red Rock Resorts has emerged as a standout performer in the gaming and entertainment industry. Analysts' bullish ratings and increased price targets suggest that the company is well-positioned to capitalize on the evolving market conditions and deliver value to its shareholders.
