Las Vegas Sands

LVS · NYSE

$38.17+$0.16 (+0.42%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $38.01

LVS analyst rating

BuyConsensus of 16 analysts over the last 12 months. 56% rate it a buy.

Strong buy0
Buy9
Hold7
Underperform0
Sell0

12-month price target · 21 analysts

Average $60.35 (+58.1% upside)

Low: $47.47
Now: $38.17
High: $75.07

Upgrades and downgrades

The latest rating actions, newest first

LVS analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
JP Morgan	Oct 20, 2026	Maintains	Overweight	$60.00 → $54.00	48%
Stifel	Oct 20, 2026	Maintains	Buy	$60.00 → $54.00	53%
Morgan Stanley	Oct 19, 2026	Maintains	Equal-Weight	$61.00 → $55.00	58%
Wells Fargo	Oct 19, 2026	Maintains	Equal-Weight	$48.00 → $44.00	33%
Goldman Sachs	Oct 14, 2026	Maintains	Buy	$55.00 → $47.00	49%
Barclays	Oct 9, 2026	Maintains	Overweight	$59.00 → $57.00	46%
Macquarie	Oct 7, 2026	Maintains	Outperform	$62.00 → $56.00	40%
Wolfe Research	Sep 2, 2026	Initiates	Peer Perform	—	53%
Argus Research	Jul 30, 2026	Downgrade	Buy → Hold	—	55%
Morgan Stanley	Jul 27, 2026	Maintains	Equal-Weight	$68.00 → $61.00	58%

The case for and against

Updated Oct 14, 2026

Bull case

Las Vegas Sands is viewed as one of the most defensible names in gaming, anchored by Macau’s dominant long-term market position, a strong non-gaming and lodging portfolio, and Singapore’s resilient performance. Its balance sheet is a key support, with about $8B of available liquidity, reasonable leverage, and asset-sale optionality backing $12.5B of Macau and Marina Bay Sands development initiatives that are expected to meet or exceed a 20% ROIC threshold. The stock also appears undervalued at around 8x-9x 2027 EBITDA versus a historical 12x-14x range, while ongoing buybacks and dividends, plus the expected fourth tower in Singapore in 2031, reinforce capital-return and growth visibility.

Bear case

Las Vegas Sands is exposed to concentrated Asia risk because, after selling its US Venetian and Palazzo Las Vegas assets in 2022, it now generates all of its EBITDA from Macau and Singapore, leaving the business highly dependent on casino spending and high-end gaming demand. Political and regulatory uncertainty in Macau and Singapore, combined with high construction costs and possible negative legal outcomes, create a tougher risk backdrop for returns even as the company plans to open a fourth tower in Singapore in 2031. With the majority of sales still driven by casino operations, any slowdown in premium gaming, margin pressure, or project execution issues could weigh disproportionately on fundamental performance.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.