Palantir shares slip by 7% despite posting record revenue in third quarter
Investing.com - Mizuho raised its price target on Las Vegas Sands (NYSE:LVS) to $63.00 from $56.00 on Thursday, while maintaining an Outperform rating on the casino operator’s stock. According to InvestingPro data, analysts’ targets for LVS range from $55 to $73.50, with the stock currently appearing undervalued based on Fair Value analysis.
The firm cited Las Vegas Sands’ better-than-expected EBITDA performance, which was driven by market share gains in Macau and improved operations in Singapore. The company’s current EBITDA stands at $3.93 billion, supported by impressive gross profit margins of 79.36%.
Mizuho noted that the company benefited from post-renovation demand in Singapore, along with accelerating side bets and more efficient marketing strategies in that market.
The research firm expressed confidence that Las Vegas Sands should see share price improvement, especially considering what appears to be a sustainably higher level of hold in Singapore.
Mizuho’s analysis comes in the context of a steady selloff in Las Vegas Sands shares since mid-August, suggesting the stock may be undervalued given the company’s recent performance metrics.
In other recent news, Las Vegas Sands Corp reported impressive financial results for the third quarter of 2025. The company achieved earnings per share of $0.78, which was significantly higher than the forecasted $0.61. Additionally, Las Vegas Sands surpassed revenue expectations by reporting $3.33 billion, compared to the anticipated $3.06 billion. These results highlight the company’s strong performance in the latest quarter. Despite the positive earnings and revenue figures, the stock saw only a slight increase in after-hours trading. No major mergers or acquisitions were announced during this period. Analyst firms have not issued any upgrades or downgrades following these earnings results. These developments reflect the current state of Las Vegas Sands in the market.
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