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Las Vegas Sands Corporation stock reached a 52-week high, closing at 67.85 USD. This milestone underscores a significant upward trend for the company, which has seen its stock value increase by 30.5% over the past year. The momentum is particularly impressive considering LVS’s remarkable 66.47% surge over the past six months, according to InvestingPro data. The rise in stock price reflects investor confidence and potentially positive developments within the company or the broader market. With an impressive 79.81% gross profit margin and 11 analysts recently revising earnings upward, LVS shows strong fundamentals despite trading at a P/E ratio of 30.47. As the stock hits this new high, market analysts and investors will be closely watching for any factors that could influence its future performance, with InvestingPro analysis suggesting the stock is slightly undervalued with an analyst high target of $75.5.
In other recent news, Las Vegas Sands has seen several adjustments to its stock price targets following its strong third-quarter performance. Goldman Sachs increased its price target to $64, citing stronger-than-expected results primarily from the company’s operations in Singapore. Stifel also raised its target to $68, highlighting the exceptional performance of Marina Bay Sands in Singapore and suggesting a more realistic EBITDA target of $3 billion for the property. Mizuho adjusted its price target to $63, attributing the change to Las Vegas Sands’ better-than-expected EBITDA performance, driven by gains in Macau and improved operations in Singapore. CFRA increased its price target to $63, maintaining a Hold rating, based on the company’s continued outperformance in Singapore and a stable environment in Macau. Meanwhile, Wells Fargo initiated coverage with an Equal Weight rating and a $66 price target, basing its valuation on future EBITDA estimates. These developments reflect the company’s robust performance in key markets, particularly Singapore.
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