JPMorgan Chase & Co. Cuts Las Vegas Sands (NYSE:LVS) Price Target to $60.00

Las Vegas Sands (NYSE:LVS) had its target price dropped by investment analysts at JPMorgan Chase & Co. from $64.00 to $60.00 in a research report issued to clients and investors on Thursday. The firm currently has an “overweight” rating on the casino operator’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 30.46% from the company’s previous close.

A number of other brokerages also recently issued reports on LVS. Morgan Stanley set a $68.00 price objective on shares of Las Vegas Sands in a research report on Wednesday. HSBC upped their price target on Las Vegas Sands from $73.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Jefferies Financial Group boosted their price objective on Las Vegas Sands from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Thursday, April 23rd. Bank of America dropped their price target on shares of Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating for the company in a research report on Monday. Finally, UBS Group set a $52.00 target price on Las Vegas Sands in a research report on Thursday, July 2nd. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Las Vegas Sands currently has an average rating of “Moderate Buy” and a consensus target price of $62.38.

Las Vegas Sands Stock Performance

Shares of NYSE LVS traded up $0.74 during midday trading on Thursday, hitting $45.99. 3,149,309 shares of the company’s stock traded hands, compared to its average volume of 4,845,036. The firm has a fifty day moving average of $48.43 and a 200 day moving average of $53.40. Las Vegas Sands has a 1 year low of $44.21 and a 1 year high of $70.45. The company has a debt-to-equity ratio of 8.64, a quick ratio of 0.91 and a current ratio of 0.92. The stock has a market capitalization of $30.48 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 1.12 and a beta of 0.83.

Las Vegas Sands (NYSE:LVS) last announced its earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.17). Las Vegas Sands had a net margin of 13.41% and a return on equity of 118.27%. The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter last year, the firm posted $0.66 earnings per share. The business’s quarterly revenue was down .7% compared to the same quarter last year. On average, analysts forecast that Las Vegas Sands will post 3.35 earnings per share for the current year.

Institutional Trading of Las Vegas Sands

Several large investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Las Vegas Sands by 8.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,251 shares of the casino operator’s stock worth $1,207,000 after purchasing an additional 2,418 shares during the last quarter. Woodline Partners LP boosted its holdings in Las Vegas Sands by 38.9% in the first quarter. Woodline Partners LP now owns 29,032 shares of the casino operator’s stock valued at $1,122,000 after purchasing an additional 8,132 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Las Vegas Sands by 91.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,146 shares of the casino operator’s stock valued at $93,000 after purchasing an additional 1,027 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in Las Vegas Sands during the 2nd quarter worth about $414,000. Finally, Cerity Partners LLC raised its stake in shares of Las Vegas Sands by 70.0% during the 2nd quarter. Cerity Partners LLC now owns 17,595 shares of the casino operator’s stock valued at $766,000 after buying an additional 7,243 shares during the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.

More Las Vegas Sands News

Here are the key news stories impacting Las Vegas Sands this week:

• Positive Sentiment: Las Vegas Sands reported strong capital returns, repurchasing $787 million of stock in the quarter and increasing its buyback authorization to $6.0 billion, which supports the stock. Las Vegas Sands Reports Second Quarter 2026 Results
• Positive Sentiment: Analysts still see upside despite the setback, with Stifel lowering its price target to $60 from $74 while keeping a Buy rating, implying room for recovery from current levels. Analysts slash their forecasts on Las Vegas Sands after downbeat Q2 results
• Neutral Sentiment: Marina Bay Sands remained a bright spot, with profit down 10.3% in Singapore but still showing resilience relative to weakness elsewhere. MBS profit falls 10.3% to $889 million in Q2, remains bright spot for Las Vegas Sands
• Neutral Sentiment: The company said Marina Bay Sands expansion remains on track for early 2031, which is a long-term growth driver but not an immediate catalyst. Las Vegas Sands targets $700M quarterly Macau EBITDA while Marina Bay Sands expansion remains on track for early 2031
• Negative Sentiment: LVS missed Q2 expectations, reporting $0.59 EPS versus the $0.76 consensus and revenue of $3.15 billion versus $3.31 billion expected, highlighting weaker operating momentum. Las Vegas Sands misses Q2 earnings and revenue estimates
• Negative Sentiment: Weaker Macau business remains the main concern, with recent reports citing softer gaming demand and margin pressure that weighed on sentiment around LVS shares. Las Vegas Sands stock gets buried after Q2 report — here’s why

Las Vegas Sands Company Profile

Las Vegas Sands (NYSE: LVS) is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company’s operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company’s portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.