Goldman Sachs Reaffirms Buy Rating on RRR
Goldman Sachs reiterated its buy rating on RRR, setting a $72 price target, a 13.26% upside from the current price.
Key Points
- Goldman Sachs reiterated its buy rating on RRR, setting a price target of $72 as of June 26, 2026.
- Goldman Sachs's $72 price target implies 13.26% upside from Red Rock Resorts, Inc.'s ($RRR) current $63.57 share price.
- Shares of RRR traded at $63.57 on Friday, with notable institutional activity from firms like BAMCO and BlackRock.
- Insider buying was reported on June 11, 2026, with several executives acquiring shares.
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Goldman Sachs has reiterated its buy rating on RRR, setting a price target of $72. This update came on June 26, 2026, from analyst Lizzie Dove, signaling continued confidence in the stock.
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Other Institutional Activity in RRR
BAMCO Inc. increased its holdings by 892,954 shares, bringing its total to 13,412,846 shares valued at about $715.7 million, marking a 7.1% increase. BlackRock, Inc. added 72,218 shares, ending with 7,206,870 shares worth around $384.6 million, a 1.0% increase. Vanguard Portfolio Management LLC opened a new position with 3,543,343 shares valued at approximately $189.1 million. Similarly, Vanguard Capital Management LLC initiated a stake with 2,318,528 shares, valued at $123.7 million. Meanwhile, Invesco Ltd. boosted its holdings by 1,189,743 shares to 2,243,829 shares, a 112.9% increase, valued at $119.7 million. Diamond Hill Capital Management Inc. reduced its position by 112,639 shares, ending with 1,890,597 shares valued at about $100.9 million, reflecting a 5.6% decrease.
Red Rock Resorts, Inc. Stock Up 11.6%
Shares of RRR traded near $63.57 on Friday. The stock has been attracting attention with significant institutional movements and analyst activity.
$RRR price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at Red Rock Resorts, Inc.
On June 11, 2026, several RRR executives, including CEO Frank Fertitta III and Vice President Lorenzo Fertitta, made significant share purchases. Frank Fertitta III bought 301,205 shares, while Lorenzo Fertitta acquired the same amount. EVP & CFO Stephen Lawrence Cootey and EVP & COO Kord Nichols also purchased 38,511 and 65,125 shares, respectively.
Analysts Set New Price Targets
On June 26, 2026, Goldman Sachs initiated coverage on RRR with a buy rating and a $72 price target. Earlier, on May 19, 2026, Macquarie maintained its buy rating with a $72 target. Citigroup also maintained a buy rating on May 1, 2026, with a $62 target. The consensus among analysts remains positive, with a buy recommendation and an average target price reflecting optimism in the stock's potential.
Bottom Line
Goldman Sachs' reiterated buy rating on RRR highlights the firm's confidence in its future prospects. The stock has seen active institutional trading and insider buying, which investors often monitor closely. This analyst update, along with the recent insider transactions, provides a snapshot of interest and activity surrounding RRR, though it's essential to remember that 13F filings are retrospective and may not reflect current positions.
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