RRR stock holds near $56.98 as analysts keep a buy view
Published on 09/01/2026 at 09:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
RRR stock closed at $56.97 on August 31, 2026, after a note kept a Buy rating and a $78.00 target on Red Rock Resorts (US7570531007).
The same update put the analyst consensus target at $72.92, and the shares were also described as trading at 16.5x forward P/E at $56.98 per share. For investors, that gap between the quote and the consensus target is the clearest short-term reference point.
Valuation stays in view
TipRanks said the shares closed last Friday at $56.97 and that the stock has lost 5.9% over the past six months, while the S&P 500 gained 12.3% over the same stretch.
That split matters because the market is not pricing Red Rock Resorts like a broad index name; it is pricing it like a consumer cyclical operator with a narrower earnings multiple and a clear sensitivity to sentiment around discretionary spending.
What the note said
The analyst note also showed Mike Hickey with a 3-star rating profile, a 1.2% average return, and a 54.1% success rate. The market implication is straightforward: the latest call kept the positive stance in place, but the stock still trades well below the published target.
Analyst consensus at $72.92 implies more upside than the current quote, yet the six-month chart still shows a negative return. That combination gives the stock a valuation story rather than a momentum story.
Red Rock Resorts portfolio
Red Rock Resorts operates casino and resort properties in the Las Vegas market, with the business anchored by gaming, hotel, dining, and entertainment spend. The company's latest reported operating metrics remain the lens for the next earnings update.
Shares and timing
RRR stock last traded at $56.97 on August 31, 2026, and the current note leaves the shares below the $78.00 target while the consensus target stands at $72.92.
Fact box
Company: Red Rock Resorts, Inc.
ISIN: US7570531007
Ticker: RRR
Exchange: Nasdaq
Price (as of August 31, 2026): $56.97 USD
Market cap: $5.9 billion
Sector / Industry: Consumer Discretionary / Casinos & Gaming
Index membership: S&P MidCap 400
Next earnings date: September 16, 2026
More on Red Rock Resorts stock
Red Rock Resorts is best known for the Red Rock Casino Resort & Spa and a wider Las Vegas local-casino footprint, which ties the company to regional gaming demand and hotel occupancy trends.
Investor Relations
Red Rock Resorts stock remains tied to its next earnings update and to whether the share price can narrow the gap to the $72.92 consensus target.
