Jefferies Cuts Red Rock Resorts Price Target

Analysts lower price objective for casino operator despite 'buy' rating

Apr. 6, 2026 at 4:58pm

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Equity researchers at Jefferies Financial Group have lowered their price target for Red Rock Resorts (NASDAQ:RRR) from $79.00 to $74.00 per share, though they maintained a 'buy' rating on the stock. The new price target still represents a potential upside of nearly 34% from the company's current trading price.

Why it matters

Red Rock Resorts operates several casino resorts and neighborhood gaming properties in the Las Vegas area. The company's stock performance and valuation are closely watched as indicators of the broader gaming industry's health and consumer spending trends in the region.

The details

In a research report issued on Monday, Jefferies analysts cited a variety of factors for the reduced price target, including ongoing economic uncertainty and potential headwinds facing the gaming sector. However, the firm's 'buy' rating suggests analysts still see significant upside potential for Red Rock Resorts' shares based on the company's market position and growth prospects.

  • The new price target was issued on April 6, 2026.

The players

Jefferies Financial Group

A global investment banking firm that provides research coverage and recommendations on Red Rock Resorts.

Red Rock Resorts

A publicly traded gaming and hospitality company that owns and operates casino resorts and neighborhood gaming properties in the Las Vegas area.

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The takeaway

While Jefferies analysts have lowered their price target for Red Rock Resorts, the firm's 'buy' rating suggests they still see significant upside potential for the stock despite broader economic uncertainty. This reflects the gaming industry's resilience and Red Rock's strong market position in the Las Vegas region.