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Las Vegas Sands Corp. (LVS), established in 1988 and headquartered in Las Vegas, Nevada, is a leading global developer and operator of integrated resorts and luxury hospitality properties. With a market cap of $39.1 billion, Las Vegas Sands delivers premier gaming, entertainment, and lodging experiences, catering to both leisure and business travelers across key markets worldwide.
Companies with a market value of $10 billion or more are classified as “large-cap stocks,” Las Vegas Sands is firmly positioned within this category. This classification highlights its significant scale, extensive portfolio of integrated resorts, and leadership in the global hospitality and gaming industry. The company’s commitment to innovation, exceptional guest experiences, and sustainable development solidifies its position as a cornerstone of the luxury resort and entertainment sector.
Las Vegas Sands' shares are trading 4.8% below their 52-week high of $56.60, which they hit on Dec. 9. The stock has gained 34.6% over the past three months, significantly outperforming the VanEck Gaming ETF's (BJK) 5.3% return over the same time frame.
Over the longer term, LVS has gained 9.5% on a YTD basis, surpassing BJK's 4.2% increase. LVS continued to outperform over the past 52 weeks, recording a 10.8% rise compared to BJK's 5.8% rally.
LVS has traded above its 50-day moving average since mid-September, signaling a bullish trend and also maintaining its position above the 200-day moving average.
LVS stock rose 3% on Nov. 29, following China's easing of visa rules for Shenzhen and Zhuhai residents, which is expected to drive more tourism and gaming revenue in Macau.
However, the company's Q3 results, reported on Oct. 23, fell short of expectations, leading to a 1.4% decline in its share price. Earnings per share came in at $0.44, missing consensus estimates of $0.55, while revenue declined 4% year over year to $2.68 billion, below the projected $2.79 billion mark.
LVS’ rival, MGM Resorts International (MGM), has also had its share of the rough ride. MGM's shares plummeted 18.9% in 2024 alone and 17.1% over the past 52 weeks.
Analysts hold a moderately optimistic outlook for LVS, given its recent outperformance relative to its industry peers. The stock has a consensus "Moderate Buy" rating from 15 analysts and has a mean price target of $58.55, indicating a potential upside of 8.7% from its current price.
