LVS Stock Forecast & Price Target

Las Vegas Sands demonstrates a positive outlook driven by significant growth in Macao's gross gaming revenue, which rose by 12% to $7.7 billion in the third quarter, with mass win increasing by 35% year-over-year. The company's strategic shift towards aggressive customer reinvestment has resulted in enhanced market share and anticipated EBITDA growth, supported by record EBITDA figures from Singapore of $768 million. Additionally, the forecasted free cash flow of $4.26 per share for 2026, alongside a double-digit EBITDA compound annual growth rate through 2027, underscores Las Vegas Sands' financial resilience and growth potential.

The financial outlook for Las Vegas Sands indicates significant concerns, particularly due to its poor Price Momentum, which has resulted in underperformance relative to broader market benchmarks, with a year-to-date decline of 5% compared to the S&P 500's gain of 8%. Additionally, despite recent improvements in Macau's EBITDA performance, the company's valuation remains depressed at approximately 9.5 times 2026 estimated EBITDA, signaling market skepticism about future earnings growth. Furthermore, the stock's weakest exposure to Quality suggests that Las Vegas Sands may face challenges with less stable underlying earnings, compounding the negative sentiment surrounding its financial prospects.