Wall Street experts' projected market value for Las Vegas Sands' shares
Las Vegas Sands Corp. (LVS), the Nevada-based company that develops, owns, and operates integrated resorts and convention centers in Macao and Singapore, has been the subject of positive analyst sentiment recently.
As of Jul. 30, UBS has a "Neutral" rating on LVS but raised the price target to $55, implying a potential upside of 5.4% from current levels. This new price target joins a range of optimistic estimates from analysts, with the current consensus price target for LVS stock ranging from about $51.77 to $64.08.
According to a 15-analyst average, the price target is roughly $51.77, implying about a 9.3% upside from the last close of $47.38. Another source reports an average price target of around $63.96 to $64.08, suggesting over 22% potential upside from a recent price near $52.40, with a rating distribution heavily skewed towards BUY (nearly 79%).
A consensus from 22 analysts quotes a price target of $60.43, with a high of $75 and a low of $50. Recent ratings from Morgan Stanley, UBS, and Macquarie show an average target of $54.33 and a modest 3.5% upside from recent prices.
The prevailing analyst consensus views LVS as a buy with price targets mostly clustering between $52 and $64, indicating moderate to strong upside potential in the next several months.
This optimism is reflected in LVS's strong performance over the past year. The company has outperformed the Consumer Discretionary Select Sector SPDR Fund (XLY) and the S&P 500 Index, gaining about 27.9% and 37.9%, respectively, over the same period.
LVS's Q2 results, reported on Jul. 23, also contributed to this positive outlook. The company's shares closed up by 7.5% in the following two trading sessions. The company's adjusted EPS of $0.79 surpassed Wall Street's expectations of $0.55, and its revenue of $3.2 billion beat forecasts of $2.8 billion.
For the current fiscal year, ending in December, analysts expect LVS' EPS to grow 15% to $2.61 on a diluted basis. This growth is expected to continue, with estimates for 2023 predicting a 19% increase in EPS to $3.15.
It's important to note that all information and data in this article is solely for informational purposes. For more information, view the article's Disclosure Policy here. Neha Panjwani does not have positions in any of the securities mentioned in this article.
In summary, the outlook for LVS remains positive, with analysts predicting moderate to strong upside potential in the coming months. However, investors are advised to conduct their own due diligence before making investment decisions.
Investors may consider exploring opportunities in Las Vegas Sands Corp. (LVS), given the optimistic analyst ratings and potential upside. The average price target for LVS is clustered between $52 and $64, suggesting a buy recommendation with moderate to strong potential growth in the near future. Nonetheless, before making investment decisions, it's essential for investors to conduct thorough research on casino-and-gambling businesses, as well as the financial and investing aspects of LVS and the broader business sector.
