RRR Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Red Rock Resorts (RRR) is currently trading near its Fibonacci pivot point of $44.37. Key resistance levels are at $45.91 and $46.86, while support levels are at $42.82 and $41.87.
Fibonacci Levels:
| Level | Price |
|---|---|
| Fibonacci R1 | $45.91 |
| Fibonacci R2 | $46.86 |
| Fibonacci Pivot | $44.37 |
| Fibonacci S1 | $42.82 |
| Fibonacci S2 | $41.87 |
News Sentiment and Analyst Ratings:
Morgan Stanley has raised the price target for RRR to $49 from $48, maintaining an Equal Weight rating. The stock has a P/E ratio of 20.30, indicating mixed performance amid revenue growth and profit decline challenges.
Conclusion:
Based on the analysis, the stock price of RRR is expected to be $42.82 in the next trading week. It is recommended to sell at the current price level due to the bearish technical indicators and mixed news sentiment.
RRR Similar Chart Price Prediction
The price of RRR is predicted to go up -3.45%, based on the high correlation periods with TUSK. The similarity of these two price pattern on the periods is 98.6%.
RRR
TUSK
Down: -3.45%Similarity: 98.6%
RRR Revenue Forecast
RRR EPS 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%
