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Investing.com - Goldman Sachs raised its price target on Las Vegas Sands (NYSE:LVS) to $64.00 from $57.00 while maintaining a Neutral rating, citing stronger-than-expected third-quarter results. According to InvestingPro data, the stock appears undervalued at its current price of $50.62, with analyst targets ranging from $55 to $73.50.
The investment bank noted that Las Vegas Sands’ Q3 performance exceeded expectations, primarily driven by its Singapore operations, which posted approximately $743 million in EBITDA ($700 million on a hold-adjusted basis) compared to consensus estimates of $607 million. The company maintains impressive gross profit margins of 79.36%, contributing to its trailing twelve-month EBITDA of $3.93 billion.
Goldman Sachs now projects $2.83 billion in Marina Bay Sands EBITDA, significantly higher than the company’s previous guidance of $2.5 billion, and has incorporated this stronger performance into its 2026/2027 estimates.
The firm reported that Las Vegas Sands’ management expressed confidence in Singapore’s continued growth trajectory, dismissing concerns that Q3 might be an outlier or that the market would stagnate until the second integrated resort opens.
In Macau, Goldman Sachs observed that while results aligned with expectations, Las Vegas Sands has achieved several consecutive months of sequential improvement in gaming revenue share since mid-Q2 2025, contradicting market beliefs of choppy performance and a sharp September decline.
In other recent news, Las Vegas Sands Corp reported stronger-than-expected earnings for the third quarter of 2025. The company achieved an earnings per share of $0.78, exceeding the forecasted $0.61, and reported revenue of $3.33 billion, surpassing the anticipated $3.06 billion. These results highlight the company’s robust performance in the quarter. Additionally, Stifel raised its price target for Las Vegas Sands to $68 from $60, maintaining a Buy rating. The firm noted that Marina Bay Sands in Singapore continues to set new records, with a $3 billion EBITDA target now appearing more realistic. Meanwhile, Mizuho increased its price target to $63 from $56, keeping an Outperform rating. Mizuho attributed this to better-than-expected EBITDA performance, driven by market share gains in Macau and improved operations in Singapore. These developments reflect positively on Las Vegas Sands’ recent activities.
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