Point72 Asset Management<\/a>, Centenus Global Management, Weld Capital Management and Neo Ivy Capital.<\/p>\nThose investments could be further rewarded if sell-side analysts move their price forecasts on the stock higher, which they could be prompted to do over the near-term. The average price target on Red Rock is $24.10 and the stock closed at $23.38 on Friday, indicating that if the run higher continues, analysts may be forced to boost price estimates.<\/p>\n
On a scale of one to five, with one being \u201cvery bearish\u201d and five being \u201cvery bullish,\u201d the average numerical rating on Red Rock is 3.82. Of the 11 analysts covering the shares, six have \u201cbuy\u201d or \u201coutperform\u201d marks on the stock, while five have the equivalent of a \u201cneutral\u201d grade on it.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"After a poor start to 2019, including a nasty tumble that lasted for much of the second and third quarters, Red Rock Resorts, Inc. (NASDAQ:RRR) is cobbling together some momentum. The Palms operator’s recent gains validate intrepid investors’ thesis that the stock looked appealing around its third-quarter nadir. Data confirms there were some market participants […]<\/p>\n","protected":false},"author":46,"featured_media":122302,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
Hedge Funds Are Embracing Red Rock Resorts Stock<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n