Goldman Sachs Adjusts Price Target on Las Vegas Sands to $47 From $55

Goldman Sachs maintained a Buy rating on Las Vegas Sands (LVS) but lowered its price target from $55.00 to $47.00, citing evolving market conditions. LVS is seen as undervalued with a GF Value™ of $68.03 vs. current price of $36.89. The company operates integrated resorts in Asia and has a market cap of $23.89 billion. 12 gurus hold LVS, with 8 recently adding to their positions.

Singapore's High Court ruled that a foreign casino, Sands China (owned by Las Vegas Sands), cannot enforce gambling debts through its legal system. The decision follows a case where Sands China sought to recover HK$19.3 million from a Singaporean VIP customer, Hu Yangning. The court stated that enforcing such debts contradicts Singapore's public policy. Las Vegas Sands operates half of Singapore's casino market and has significant operations in Macau.

Las Vegas Sands (LVS) increased its stake in Sands China (SCL) to 75.01%, reducing public shareholding below 25%. The purchase, made on Sept. 1, brings LVS's total shares to 6.071 billion. SCL's public float remains above the HKD1 billion threshold, ensuring compliance with Hong Kong exchange rules. LVS has gradually increased its stake since 2023, aiming for greater economic exposure to Macau's casino market.

Delta Air Lines (DAL) rose 13% year-to-date, beating Q2 EPS estimates and raising its dividend 15%. Las Vegas Sands (LVS) fell 32% after missing Q2 EPS due to low Macau rolling chip hold. Royal Caribbean (RCL) slipped 5%. Delta affirmed full-year guidance of $6.50-$7.50 EPS. Airlines show mixed performance, with Delta and United outperforming.

Macau's gaming activity was briefly impacted by the Fifa World Cup in Q2, but operators like Las Vegas Sands, MGM China, and Wynn Resorts reported rebounds. Macau's EBITDA was $430M, while Singapore's Marina Bay Sands saw strong results with $689M EBITDA. MGM China's net revenue hit a record $2.21B, and Wynn Resorts' Macau revenue rose 21% YoY. All operators remain optimistic about long-term growth.

Investing.com reports Las Vegas Sands (LVS) fell 1.1% in pre-open to $48.02 after Argus Research downgraded the stock from Buy to Hold. The downgrade follows Q2 2026 results: EPS $0.59 vs $0.76 expected, revenue $3.15B vs $3.31B. Multiple analysts cut price targets since then.