Expert Outlook: Red Rock Resorts Through The Eyes Of 12 Analysts
Portfolio Pulse from Benzinga Insights
Red Rock Resorts (NASDAQ:RRR) has been evaluated by 12 analysts over the last three months, showing a diverse range of opinions. The average 12-month price target for RRR has increased to $59.75, up 12.52% from the previous $53.10. Analysts have adjusted their ratings and price targets, reflecting changes in market dynamics and company performance. Red Rock Resorts's financial performance includes a notable revenue growth of 8.75% as of December 31, 2023, a net margin of 12.17%, an ROE of 38.54%, and an ROA of 1.44%, but with a high debt-to-equity ratio of 19.75.
March 26, 2024 | 5:00 pm
News sentiment analysis
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POSITIVE IMPACT
Red Rock Resorts has seen a positive shift in analyst sentiment, with an increased average price target of $59.75. Financial indicators show strong growth and profitability, despite a high debt-to-equity ratio.
The increase in the average price target by analysts suggests a bullish outlook for Red Rock Resorts in the short term. The company's strong financial performance, particularly in terms of revenue growth, net margin, ROE, and ROA, supports this positive sentiment. However, the high debt-to-equity ratio introduces a level of financial risk that investors should consider.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100