SIG analyst Joseph Stauff maintains $Red Rock Resorts (RRR.US)$ with a buy rating, and adjusts the target price from $70 to $66.
According to TipRanks data, the analyst has a success rate of 61.7% and a total average return of 16.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Red Rock Resorts (RRR.US)$'s main analysts recently are as follows:
The company experienced a challenging third quarter as growth slowed down.
Red Rock Resorts' third-quarter report and fourth-quarter outlook were characterized as 'soft,' influenced by seasonal fluctuations and election effects. It is noted that the company's capital projects planned for 2025 are expected to introduce a degree of disruption, which has led to a revised outlook with lower projections.
Following the Q3 report, it is noted that Red Rock Resorts is performing well with Durango trending ahead of schedule. Red Rock is anticipated to continue benefiting significantly from the favorable demographic trends observed in the Las Vegas Locals market.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
