LVS Stock Forecast & Price Target

Las Vegas Sands has demonstrated robust performance in the Macao market, achieving a 12% growth in gross gaming revenue to $7.7 billion in 3Q25, driven primarily by strong gains in the premium segments and a notable 35% year-over-year increase in mass win. The company's aggressive strategy of reinvesting in customer experiences has resulted in significant share gains and expectations for continued EBITDA growth, with Singapore operations generating a record $768 million in EBITDA during the same period. Management's confidence in attaining a $30 billion gross gaming revenue target in Macau for 2025, coupled with projected double-digit EBITDA CAGR through 2027 and a favorable free cash flow estimate of $4.26 in 2026, supports a positive outlook for Las Vegas Sands.

Las Vegas Sands has demonstrated weak medium- to long-term returns, reflected in its negative Price Momentum exposure, which may suggest ongoing difficulties for the stock moving forward. Although there was a recovery from lows earlier in the year, the stock remains down 5% year-to-date, while the S&P 500 has gained 8%, indicating a lag in performance relative to the broader market. Furthermore, the company's valuation appears depressed at approximately 9.5x projected 2026 EBITDA, coupled with weak quality indicators that signal potential instability in its earnings stream.