LVS Stock Forecast & Price Target

Las Vegas Sands has witnessed significant growth in its Macao operations, with gross gaming revenue increasing 12% year-over-year to $7.7 billion in Q3 2025, driven predominantly by strong performance in the premium segment and a notable 35% rise in mass win. The company's strategic decision to aggressively reinvest in customer engagement has resulted in increased market share, positioning it for further EBITDA growth in the fourth quarter, alongside a strong performance from Singapore, which generated $768 million in EBITDA, surpassing consensus expectations. Management projects a continued upward trajectory with a double-digit EBITDA compound annual growth rate through 2027 and an estimated free cash flow of $4.26 per share in 2026, underpinning a robust financial outlook for Las Vegas Sands.

Las Vegas Sands's stock displays weak medium to long-term performance, as indicated by its Price Momentum exposure, which can negatively impact future returns. The company has seen a rise in shares from approximately $30 in April but is still underperforming with a year-to-date decrease of 5%, contrasting with the S&P 500's 8% gain, suggesting valuation concerns at around 9.5 times estimated EBITDA for 2026. Additionally, a weak Quality exposure points to a potentially unstable earnings stream, reflecting growing concerns about the sustainability of its earnings in a market viewed as unpredictable.