Eos Energy stock falls after Fuzzy Panda issues short report
Investing.com - CFRA has raised its price target on Las Vegas Sands (NYSE:LVS) to $63.00 from $55.00 while maintaining a Hold rating on the casino operator’s stock. According to InvestingPro data, analyst targets range from $55 to $73.50, with a strong buy consensus rating of 1.63.
The price target increase reflects CFRA’s view of continued outperformance in Singapore and a stable operating environment in Macau, with the new target based on 11x the firm’s FY 26 EBITDA estimate.
Las Vegas Sands reported third-quarter normalized earnings per share of $0.78 compared to $0.44 in the same period last year, exceeding consensus estimates by $0.16, while revenue reached $3.33 billion versus $2.68 billion a year earlier.
The company’s adjusted EBITDA for the quarter was $1.34 billion, significantly higher than the $991 million reported in the third quarter of 2024 and above analyst estimates of $1.20 billion.
By region, Macau operations generated adjusted EBITDA of $601 million, while Singapore operations contributed $743 million, with both regions benefiting from high hold rates on rolling play that provided a $2 million positive impact in Macau and a $43 million boost in Singapore.
In other recent news, Las Vegas Sands reported stronger-than-expected earnings for the third quarter of 2025. The company’s earnings per share reached $0.78, surpassing the forecasted $0.61, while revenue hit $3.33 billion, exceeding the anticipated $3.06 billion. This positive performance was largely attributed to the exceptional results from its Singapore operations, particularly Marina Bay Sands. Analysts have responded to these developments with adjustments to their price targets. Goldman Sachs raised its target to $64, highlighting the impressive quarterly results. Stifel increased its target to $68, maintaining a Buy rating and noting the record-setting performance at Marina Bay Sands. Mizuho also raised its target to $63, citing market share gains in Macau and improved operations in Singapore. These updates reflect the company’s robust performance and strategic positioning in key markets.
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