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Deutsche Bank Thinks Las Vegas Sands’ Stock is Going to Recover

In a report released today, Carlo Santarelli from Deutsche Bank maintained a Buy rating on Las Vegas Sands (LVSResearch Report), with a price target of $53.00. The company’s shares closed last Wednesday at $34.84, close to its 52-week low of $31.26.

According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 21.5% and a 59.2% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Hilton Worldwide Holdings, and Marriott International.

Currently, the analyst consensus on Las Vegas Sands is a Strong Buy with an average price target of $49.60, implying a 42.7% upside from current levels. In a report issued on April 19, J.P. Morgan also maintained a Buy rating on the stock with a $51.00 price target.

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The company has a one-year high of $62.85 and a one-year low of $31.26. Currently, Las Vegas Sands has an average volume of 7.29M.

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Founded in 2004, Nevada-based Las Vegas Sands Corp. is a leading global developer of destination properties that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. It operates integrated resorts in Asia and the United States.

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