Goldman Sachs lowered Red Rock Resorts stock target to USD 65.00

Published on 10/15/2026 at 19:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter 2026 revenue fell 3.00 percent to USD 510.30 million. Red Rock Resorts stock costs EUR 45.10 on October 15, 2026, up 1.47 percent on Nasdaq.

Analyst target and reporting date

In a note dated October 13, 2026, Goldman Sachs lowered its Red Rock Resorts target from USD 74.00 to USD 65.00.
Second-quarter 2026 revenue fell 3.00 percent to USD 510.30 million.
Red Rock Resorts stock costs EUR 45.10 at Lang & Schwarz on October 15, 2026 at 7:36 p.m. CEST, plus 1.47 percent on Nasdaq.
Red Rock Resorts is scheduled to report third-quarter 2026 results on November 3, 2026.

RRR, US75700L1089, Illustration mit AI erstellt.

Goldman Sachs lowered its Red Rock Resorts target to USD 65.00 from USD 74.00 on October 13, 2026, while keeping a Buy rating, as Markets Insider reported. The new target was 28.71 percent above the USD 50.50 Nasdaq price at the time. At Lang & Schwarz, Red Rock Resorts was trading at EUR 45.10 on October 15, 2026 at 7:36 p.m. CEST, with a plus 1.47 percent move on Nasdaq.

Second-quarter revenue sets the backdrop

Red Rock Resorts generated USD 510.30 million in revenue in the second quarter of 2026, down 3.00 percent from the year-earlier period. Net income fell 31.00 percent to USD 39.10 million, while diluted earnings per share came to USD 0.67, according to Simply Wall St. The figures put the target revisions into a more cautious operating context.

Price position on October 15

The Nasdaq quote stood at USD 50.50 on October 15, 2026 at 1:42 p.m. ET, up 1.47 percent from the prior session. The 52-week range was USD 47.49 to USD 68.99, placing the share 6.34 percent above its low and 26.80 percent below its high. The current level therefore sits much closer to the lower end of the yearly range than to the upper end.

Valuation and November reporting date

Red Rock Resorts had a market capitalization of USD 3.0 billion, a trailing P/E ratio of 17.91 and a dividend yield of 4.00 percent as of October 15, 2026. Simply Wall St lists November 3, 2026 as the next reporting date for third-quarter results. That date gives the market a defined point for testing whether revenue pressure has eased.

Comparison with peers

Red Rock Resorts (Nasdaq, USD): plus 1.47 percent, P/E 17.91, market capitalization USD 3.0 billion.
PENN Entertainment (Nasdaq, USD): plus 3.60 percent, P/E minus 2.37, market capitalization USD 2.0 billion.
Wynn Resorts (Nasdaq, USD): plus 3.28 percent, P/E 18.24, market capitalization USD 7.8 billion.

Price and trading perspective

The contrast is visible in the valuation data: Red Rock Resorts trades on a positive trailing multiple, while PENN Entertainment reports a negative one and Wynn Resorts carries a similar positive multiple. The next earnings date and the lower analyst target provide the clearest dated markers for the stock.

Red Rock Resorts was trading at EUR 45.10 at Lang & Schwarz on October 15, 2026 at 7:36 p.m. CEST, plus 1.47 percent on Nasdaq. The further course of trading is shown by the continuously updated real-time quote of Red Rock Resorts stock.