
LVS Stock Forecast & Price Target
LVS Analyst Ratings
Bulls say
Las Vegas Sands has demonstrated strong financial growth, with mass win increasing to $951 million, a 27% rise from $746 million in 4Q24, and rolling volume showing a notable 38% year-over-year increase to $9.1 billion. The company's strategic shift towards aggressive customer reinvestment has resulted in gaining market share, with Macau gross gaming revenue growing by 12% in 3Q25, amounting to $7.7 billion, primarily driven by premium segment performance. Additionally, the Singapore operations have excelled, generating $743 million in EBITDA, reflecting a 66% year-over-year increase in VIP volumes, which positions the company favorably for sustainable long-term growth.
Bears say
Las Vegas Sands has experienced a significant decline in EBITDA margins in its Macau operations, falling 390 basis points year-over-year in the fourth quarter of 2025, driven by increased event costs, payroll expenses, and elevated player reinvestment, which has raised concerns about profitability. The company's reliance on the base mass gaming segment, where performance has stagnated compared to healthier premium mass growth, creates a disproportionate impact on its earnings amid competitive pressures. Additionally, the company's revenues have missed consensus EBITDA estimates by approximately 6%, coupled with adverse trends in both quality and price momentum metrics, further indicating potential challenges ahead for sustained financial performance.
This aggregate rating is based on analysts' research of Las Vegas Sands and is not a guaranteed prediction by Public.com or investment advice.
LVS Analyst Forecast & Price Prediction
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