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Investing.com - Citi raised its price target on Las Vegas Sands (NYSE:LVS) to $72.50 from $70.50 on Thursday, while maintaining a Buy rating on the casino operator’s stock. According to InvestingPro data, the company maintains a "GOOD" Financial Health score, with analysts giving it a Strong Buy consensus recommendation.
The firm highlighted that Marina Bay Sands delivered a record-high quarterly EBITDA of $768 million in the second quarter of 2025, marking the second consecutive quarter of record performance. This achievement was driven by all-time high mass market performance, with mass table and slot gross gaming revenue growing 40% year-over-year to $843 million. The company’s impressive 79% gross profit margin, as reported by InvestingPro, underscores its operational efficiency.
Marina Bay Sands broke ground last week for its $8 billion Phase 2 expansion, which could potentially add $1 billion in annualized EBITDA upon completion in 2031, compared to the current run-rate of $2.5 billion.
For Macau operations, Citi noted management’s short-term target of a $2.7 billion annualized EBITDA run-rate is achievable. The Londoner property is currently generating an annualized EBITDA of approximately $800 million, with further improvement expected as the property continues to ramp up.
Las Vegas Sands has repurchased approximately 79 million shares, worth about $3.5 billion, since resuming its share repurchase program in the fourth quarter of 2023. Citi maintains Las Vegas Sands as its Global Top Pick.
In other recent news, Las Vegas Sands Corp. reported strong financial results for the second quarter of 2025, exceeding analysts’ expectations. The company announced earnings per share of $0.79, which was significantly higher than the forecasted $0.53, representing a 49.06% surprise. Revenue also surpassed projections, coming in at $3.18 billion compared to the anticipated $2.84 billion, marking an 11.97% surprise. These financial results highlight the company’s robust performance during the period. Analysts had anticipated lower figures, making the actual results notably positive. While specific stock price movements are not detailed, the earnings report reflects positively on Las Vegas Sands’ financial health. Investors may take particular interest in the company’s ability to outperform expectations, as this could influence future investment decisions.
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