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Investing.com - Mizuho (NYSE:MFG) raised its price target on Las Vegas Sands (NYSE:LVS) to $56.00 from $47.00 on Thursday, while maintaining an Outperform rating on the casino operator’s stock. The new target aligns with broader analyst sentiment, as InvestingPro data shows six analysts have recently revised their earnings estimates upward for the upcoming period.
The price target increase follows Las Vegas Sands’ latest earnings report, which showed mixed results across its international operations. The company reported hold-adjusted Macau EBITDA excluding Ferry/Other operations of $553 million, which aligned with Mizuho’s estimate but fell short of the Street consensus of $563 million. The company maintains impressive gross profit margins of 79%, contributing to its total EBITDA of $3.69 billion over the last twelve months.
Singapore operations delivered exceptional performance, with Marina Bay Sands generating EBITDA of $768 million. On a hold-adjusted basis, Marina Bay Sands EBITDA reached $661 million, significantly exceeding both Mizuho’s estimate of $533 million and Street expectations of $529 million. According to InvestingPro, Las Vegas Sands maintains a GOOD financial health score, with detailed analysis available in the comprehensive Pro Research Report.
In China, Mizuho noted gradual sequential improvement in the market, particularly in premium mass and VIP customer segments. The firm observed that while the lower-end market continues to be soft, increased strategic promotional activity is driving higher volume, which should help improve profitability.
The research firm’s revised price target represents a 19.1% increase from its previous target of $47.00, reflecting stronger confidence in Las Vegas Sands’ performance, particularly driven by its Singapore operations. Based on InvestingPro’s Fair Value analysis, the stock currently appears slightly undervalued, with analyst targets ranging from $45 to $70.50 per share.
In other recent news, Las Vegas Sands Corp. reported impressive financial results for the second quarter of 2025, surpassing analysts’ expectations. The company achieved earnings per share of $0.79, significantly higher than the projected $0.53, representing a 49.06% surprise. Revenue also exceeded forecasts, reaching $3.18 billion compared to the anticipated $2.84 billion, marking an 11.97% surprise. Additionally, Marina Bay Sands, a property of Las Vegas Sands, reported a record-high quarterly EBITDA of $768 million, continuing its streak of record performances. This achievement was supported by a 40% year-over-year increase in mass table and slot gross gaming revenue, totaling $843 million. Citi responded to these strong results by raising its price target for Las Vegas Sands to $72.50 from $70.50, while maintaining a Buy rating on the stock. These developments highlight the company’s robust performance and positive outlook as noted by Citi.
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