Morgan Stanley lowers target for Red Rock Resorts stock to USD 59

Published on 10/20/2026 at 21:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue was USD 510.26 million. Red Rock Resorts stock costs EUR 44.50 on October 20, 2026, down 0.22 percent versus Frankfurt close.

Morgan Stanley target cut

Morgan Stanley lowered its Red Rock Resorts target to USD 59.00 on October 19, 2026.
Second-quarter revenue reached USD 510.26 million and declined 3.00 percent year over year.
Red Rock Resorts stock costs EUR 44.50 at Lang & Schwarz on October 20, 2026 at 9:33 p.m. CEST, 0.22 percent below the Frankfurt close of October 16, 2026.
Third-quarter results are scheduled for November 3, 2026.

RRR, US75700L1089, Illustration mit AI erstellt.

Red Rock Resorts (ISIN US75700L1089) faces a lower Morgan Stanley target as the casino operator approaches its third-quarter results date. On October 19, 2026, MarketBeat reported that Morgan Stanley lowered its target from USD 61.00 to USD 59.00 while retaining an equal-weight rating. The stock was trading at EUR 44.50 at Lang & Schwarz on October 20, 2026 at 9:33 p.m. CEST, down 0.22 percent versus the Frankfurt close of October 16, 2026 at EUR 44.60.

Target cut leaves upside

Morgan Stanley's new USD 59.00 target is 17.89 percent above Red Rock Resorts' USD 50.05 price at the Nasdaq on October 20, 2026 at 3:35 p.m. ET. The calculation uses the same US dollar quotation as the target, rather than the euro price from Lang & Schwarz.

The wider analyst picture remains more favorable than Morgan Stanley's equal-weight stance. MarketBeat listed 16 Buy ratings, four Holds and one Strong Buy, with an average target of USD 71.89.

Revenue fell in second quarter

Red Rock Resorts reported USD 510.26 million in second-quarter 2026 revenue, a 3.00 percent year-over-year decline, while adjusted earnings per share reached USD 0.67 versus a USD 0.51 consensus estimate, according to MarketBeat. The revenue comparison gives investors a clearer counterweight to the earnings-per-share beat: sales weakened even as the per-share result exceeded expectations by USD 0.16.

Results date is November 3

Red Rock Resorts said on October 12, 2026 that it will publish third-quarter 2026 results on November 3, 2026 and hold its earnings call at 4:30 p.m. ET. The date and call time were carried by Fidelity from the company's PR Newswire release.

Stock stays near its yearly low

The Nasdaq quotation stood at USD 50.05 on October 20, 2026, while the reported 52-week range was USD 47.49 to USD 68.99. That places the stock 5.39 percent above its yearly low and 27.45 percent below its yearly high. Red Rock Resorts operates casino, hospitality and entertainment properties through Station Casinos, with its main regional market in Las Vegas.

What the target means

The Morgan Stanley revision keeps the target above the Nasdaq price, but the smaller USD 59.00 objective contrasts with the USD 71.89 average target reported by MarketBeat. The November 3 results will provide the next period-specific test of revenue trends and earnings expectations.

Price and upcoming results

The euro quotation was 0.22 percent below the Frankfurt close of October 16, 2026. The Nasdaq stock was last at USD 50.05 on October 20, 2026 at 3:35 p.m. ET.

The further course of trading is shown by the continuously updated real-time quote of Red Rock Resorts stock.