Deutsche Bank (DE:DBKGn) analyst Carlo Santarelli maintained a Buy rating on Red Rock Resorts (NASDAQ:RRR) on Wednesday, setting a price target of $60, which is approximately 22.47% above the present share price of $48.99.
Santarelli expects Red Rock Resorts to post earnings per share (EPS) of $1.03 for the fourth quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Red Rock Resorts, with an average price target of $61.
The analysts price targets range from a high of $64 to a low of $59.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $414.77 million and a net profit of $143.36 million. The company's market cap is $3.45 billion.
According to TipRanks.com, Deutsche Bank analyst Carlo Santarelli is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 25.0% and a 63.59% success rate.
Red Rock Resorts, Inc. is a holding company, which engages in the management and development of gaming and entertainment facilities. The firm operates through the following segments: Las Vegas Operations and Native American Management. Its amenities include restaurants, entertainment venues, movie theatres, bowling and convention or banquet space, as well as traditional casino gaming offerings such as video poker, slot machines, table games, bingo and race and sports wagering. The company was founded in 1976 and is headquartered in Las Vegas, NV.