RRR Price Prediction Next Week
Technical Analysis: RRR shows mixed signals in recent trading sessions. The stock closed at $51.40 on February 21, down 2.63% from the previous day. The RSI-14 reading of 60.45 indicates moderate bullish momentum but not overbought conditions. However, the stock is trading above its key moving averages (SMA20: $50.03, SMA60: $48.29).
Price Levels:
- Fibonacci support levels: S1 at $49.23, S2 at $47.92
- Fibonacci resistance levels: R1 at $53.49, R2 at $54.80
- Current price ($51.48) is testing the Fibonacci pivot point at $51.36
News Impact:
- Wells Fargo maintained a Hold rating with a $53 price target, while the analyst consensus suggests a Moderate Buy with an average target of $54.78
- JMP Securities raised their price target to $59 from $57, citing strong Q4 EBITDA of $202M that beat expectations
- The stock is currently showing overbought signals with an RSI value of 78.1 according to recent market analysis
Next Week Price Prediction: Based on technical indicators and recent news:
- Bullish scenario (30% probability): Price could test R1 at $53.49
- Bearish scenario (50% probability): Likely pullback to S1 at $49.23
- Consolidation scenario (20% probability): Range-bound between $50.50-$52.50
Recommendation: SELL Rationale:
- Overbought technical conditions
- Recent price decline with increased volume
- First half of 2025 faces challenges due to renovation disruptions
- Current price near key resistance levels
Target price: $49.23 (S1 Fibonacci level) Stop loss: $54.80 (R2 Fibonacci level)
RRR Similar Chart Price Prediction
The price of RRR is predicted to go up 9.77%, based on the high correlation periods with NBN. The similarity of these two price pattern on the periods is 98.49%.
RRR
NBN
Up: 9.77%Similarity: 98.49%
RRR Revenue Forecast
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RRR Analyst's Forecast
Aaron Hecht
JMP Securities
Buy
2025-01-16
Price Target
$61 → $57
Upside
+21.95%
JMP Securities lowered the firm's price target on Red Rock Resorts to $57 from $61 and keeps an Outperform rating on the shares. Maryland released its state budget for the coming year, calling for an increase in the sports betting tax rate to 30% from 15%, and the tax rate on table games at casinos to increase to 25%, from 20%, the analyst tells investors in a research note. While negative for stocks in Gaming, Online Gaming and Gaming Technology, the firm says it largely expected these types of announcements in 1H25 as lawmakers and operators have created a seemingly generous tax structure, outside select states, since online gaming was legalized from 2018 to 2024. The firm sees strong opposition toward the governor's push to increase the tax rate as part of the upcoming budget.
Barry Jonas
Truist Securities
Hold
2025-01-14
Price Target
$56 → $49
Upside
+8.67%
Cassandra Lee
Jefferies
Strong Buy → Hold
2025-01-03
Price Target
$64 → $51
Upside
+13.56%
