Las Vegas Sands (NYSE:LVS) is an S&P 500 entertainment stock from the hotels, lodging, and leisure segment, with solid long-term potential. LVS operates a host of destination properties offering accommodation, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants, and other amenities.
LVS belongs to the consumer cyclical industry. The performance of consumer cyclical stocks depends on the business cycle and economic conditions. Having survived the tough COVID-19 pandemic era, Las Vegas Sands is well positioned for an upward trajectory, especially with the re-opening of the Chinese economy.
In the past year, LVS stock has lost 7%. Nonetheless, analysts have assigned a favorable 12-month price target on the stock, which makes LVS an attractive investment to consider.
Analysts Project High Growth For LVS
Las Vegas Sands is expected to announce its Q1 FY24 results later this month. The Street expects LVS to post adjusted earnings of $0.62 per share on revenues of $2.94 billion, showing significant growth over the comparative period of the prior year.
Both the company and analysts are highly optimistic about its stronghold and performance in Macao and Singapore in the years ahead.
Recently, Mizuho Securities analyst Benjamin Chaiken initiated coverage of LVS stock with a Buy rating and a price target of $70 (33.1% upside). The analyst’s investment thesis is based on three levers – the heightened attraction to the Macao centers as the market recovers, the fact that the Street has not included the gain from strategic investments in Macao and Singapore, and the company’s potential to deliver a reasonable return on capital.
Is LVS Stock a Good Buy?
With 12 Buys and one Hold recommendation, LVS stock commands a Strong Buy consensus rating on TipRanks. The average Las Vegas Sands price target of $63.92 implies 21.5% upside potential from current levels.
Ending Thoughts
Las Vegas Sands is one of the favored gaming and leisure stocks by analysts. The company is poised for phenomenal growth ahead as Macao and Singapore centers open in full throttle. Post the Q4 print, analysts are highly bullish about LVS’ stock trajectory and expect robust share price appreciation in the next twelve months.
