Analyst Daniel Politzer of Wells Fargo maintained a Buy rating on Las Vegas Sands (LVS – Research Report), with a price target of $64.00.
Daniel Politzer has given Las Vegas Sands Corp. a Buy rating due to a combination of factors including the company’s solid performance and promising outlook in key markets. In the fourth quarter, Las Vegas Sands reported EBITDAR that not only exceeded estimates due to strong results from Marina Bay Sands in Singapore, which offset weaker performance in Macau, but also showed in-line adjusted earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs when accounting for variable casino holds. This indicates a robust operational standing and a balanced portfolio of properties that can support overall financial health even when certain segments underperform.
Looking ahead, Macau’s recovery appears on track with mass market and slot game shares remaining stable and operating expenses under control, signaling efficiency in operations. Moreover, Las Vegas Sands has shown strength in the Singapore market with growing gaming volumes and margins, and expects significant EBITDA growth over the next few years. Politzer also notes that the stock trades at a discount compared to historical averages, suggesting that it may be undervalued, particularly in the Macau segment. This presents an attractive entry point for investors considering the company’s strong market positioning and expected growth trajectory.
In another report released today, Barclays also assigned a Buy rating to the stock with a $57.00 price target.
LVS’s price has also changed moderately for the past six months – from $56.530 to $49.640, which is a -12.19% drop .
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Las Vegas Sands (LVS) Company Description:
Founded in 2004, Nevada-based Las Vegas Sands Corp. is a leading global developer of destination properties that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. It operates integrated resorts in Asia and the United States.
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