Red Rock Resorts (RRR) PT Raised to $78 at Benchmark Ahead of Q2 Results

Benchmark analyst David Williams raised the price target on Red Rock Resorts (NASDAQ: RRR) to $78.00 (from $63.00) while maintaining a Buy rating.

The analyst commented, "We are slightly lowering our 2Q26 revenue and AEBITDA estimates to reflect normal seasonal moderation from a seasonally strong 1Q and approximately $11M-$12M of construction disruption at Green Valley Ranch and Durango. State gaming data through May indicate broadly stable locals demand, suggesting near-term pressure primarily reflects seasonality and construction disruption rather than weaker underlying demand. Beyond 2Q, we expect growth to accelerate as disruption subsides, North Fork opens in 4Q26 and contributes for a full year in 2027, Durango North opens in summer 2027, and recent reinvestment begins generating returns. We are raising our price target to $78 from $63, supported by expected 2027 earnings acceleration, embedded asset value, and increasing scarcity value amid industry consolidation."

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