The recent period has witnessed a series of developments surrounding
Las Vegas Sands Corp (NYSE:LVS). The company's stock has persistently
outperformed the market. Three years of investment in the company yielded a
34% increase. The third quarter 2024 financial results will be released soon. The company has also received a consensus price target of $55.83, with analysts revising targets upwards amidst optimism over
Macau renovation progress. Despite some daily losses, the strong trading streak remains consistent. Exchange Traded Concepts LLC and Factory Mutual Insurance Co have increased their holdings while Truist Financial Corp reduced their stocks. Subsequent to a
$2.0b stock sale by insiders, experts still expect LVS to exceed Q2 estimates. The
price target has been raised to $60.00 by JPMorgan Chase & Co. The Q2 earnings and revenues were below estimates, however Macau casino stocks made gains due to China's stimulus. CFRA
lowered LVS' ratings to hold, setting a new target at $51. Expectations have heightened for the unveiling of the First Luxury Collection Hotel in Macao. More plans are in progress such as partnerships to manage disasters and sponsorship of the 2024 Clinton Global Initiative Meeting in New York.
Las Vegas Sands Corp LVS News Analytics from Tue, 28 Nov 2023 08:00:00 GMT to Sat, 19 Oct 2024 11:00:40 GMT -
Rating 4
- Innovation 5
- Information 6
- Rumor -1
