Red Rock Resorts, Inc. Stock 12‑Month Price Target Cut to $70.67, Implies 38% Upside

What happened

Estimates from 18 analysts put Red Rock Resorts, Inc.’s average 12-month share-price target at $70.67, down from $72.11, with forecasts ranging from $59 to $78. Based on the Nov. 3 closing price, the revised target suggests about 38% potential upside. The consensus rating remains Buy among 20 analysts.

Confirmed

Global impact / market context

The lower average target signals that analysts have trimmed their expected share value, even though the revised figure still implies about 38% upside from the stated closing price. Investors may weigh that gap against the unchanged Buy consensus, but targets are estimates, not guaranteed returns.

Analyst inference

The figures show a mixed analyst picture: the average target declined, while the overall rating stayed at Buy, with 18 Buys, two Holds, and no Sells among 20 analysts. The article gives no company operating results or reason for the target cut.

Confirmed

What to watch

1. Future analyst target changes could show whether the recent reduction is broadening or reversing; the article does not explain why the average target fell. Analyst inference
2. Check later reports for updated forecasts and ratings, including whether the 18 Buy, two Hold, and zero Sell split changes among covering analysts. Analyst inference
3. Compare any future target with the share price used for its upside calculation, since the article bases its roughly 38% estimate on the Nov. 3 close. Analyst inference

Evidence

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