Citigroup has initiated coverage on Red Rock Resorts Inc (RRR) with a Buy rating, marking the firm's first assessment of the company. This decision underscores Citigroup's confidence in Red Rock's investment potential, taking into account the company's management and development of gaming and entertainment facilities, particularly in Las Vegas, Nevada.
As of November 20, 2025, Red Rock Resorts boasts a market capitalization of $5.8 billion, a P/E ratio of 30.34, and an EPS of 1.84. The company, which employs 9,300 full-time staff, operates a range of regional entertainment destinations, including the Red Rock Casino Resort Spa and Green Valley Ranch Resort Spa Casino. Its upcoming earnings reports are anticipated on July 27, 2026, and April 29, 2026, with estimated EPS of $0.71 and revenues of $515.1 million and $514.3 million, respectively.
Analyst ratings, such as this new Buy designation, provide insights based on extensive research and financial models. However, investors should consider these ratings as one of many factors in their decision-making process, alongside company fundamentals and market conditions. Analyst opinions can evolve as new information emerges, reflecting changing perspectives on the company's outlook.
This update provides insight into the growing analyst interest in Red Rock Resorts, which currently holds a consensus rating of Buy among analysts, with 1 Strong Buy, 11 Buy, and 5 Hold ratings as of November 1, 2025.