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Investing.com - Stifel raised its price target on Las Vegas Sands (NYSE:LVS) to $60.00 from $57.00 on Thursday, while maintaining a Buy rating on the casino operator’s stock. The move aligns with broader analyst sentiment, as seven analysts have recently revised their earnings estimates upward, with price targets ranging from $47 to $72.50.
The research firm highlighted record-setting performance at Marina Bay Sands (MBS) in Singapore, noting the property is approaching a $2.5 billion EBITDA run rate, partly aided by positive hold in the quarter. This performance contributes to Las Vegas Sands’ impressive overall EBITDA of $3.89 billion and industry-leading gross profit margin of 79%.
Stifel expressed confidence in Las Vegas Sands’ Macau operations, where margins exceeded the firm’s forecasts, suggesting the company is growing its EBITDA base alongside promotional spending rather than simply "buying business."
Despite a recent rally in Las Vegas Sands shares, Stifel believes the stock remains undervalued, particularly when considering the standalone value of the Marina Bay Sands property.
The firm indicated its estimates for Las Vegas Sands remain conservative, with potential for upside as the company continues to execute its strategy in both Singapore and Macau markets.
In other recent news, Las Vegas Sands 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. Revenue reached $3.18 billion, outperforming the anticipated $2.84 billion, resulting in an 11.97% surprise. Marina Bay Sands, a key asset for the company, posted a record-high quarterly EBITDA of $768 million, driven by strong mass market performance. Citi responded by raising its price target for Las Vegas Sands to $72.50 from $70.50, maintaining a Buy rating. Mizuho (NYSE:MFG) also adjusted its price target to $56.00 from $47.00, citing mixed results in international operations. The Macau operations reported hold-adjusted EBITDA of $553 million, aligning with Mizuho’s estimates but slightly below the Street consensus. These developments highlight Las Vegas Sands’ robust performance and strategic positioning in the market.
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