Jefferies Raises Red Rock Resorts Price Target 8% to $79 per Share
Jefferies increased its price target on Red Rock Resorts to $79 from $73, reflecting an 8.2% upward revision based on stronger-than-expected Las Vegas Strip revenue trends. The adjustment suggests improved near-term cash flow potential and supports higher valuation multiples for the gaming operator.
1. Jefferies Raises Price Target
In February 2026, Jefferies upped its price target for Red Rock Resorts by $6, to $79 from $73, marking an 8.2% increase. The revision reflects updated projections for gaming revenue and operational efficiency at the company's Las Vegas properties.
2. Rationale Behind the Increase
The firm highlighted sequential gains in slot and table game revenues on the Las Vegas Strip, driven by higher visitation and improved customer spend metrics. Enhanced cost management and labor productivity initiatives at flagship resorts also bolstered the outlook.
3. Valuation and Outlook Implications
The higher target implies stronger EBITDA growth and free cash flow generation, supporting a re-rating of Red Rock Resorts closer to premium Strip operator multiples. Investors may view the revision as validation of sustainable margin expansion and future dividend capacity.