04:05 PM EDT, 07/24/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:
We raise our 12-month price target by $5 to $55, based on 11x our 2025 adjusted EBITDA estimate and slightly lower than the company's three-year average forward EV/EBITDA multiple. We raise our 2025 EPS estimate by $0.35 to $2.60 and 2026's by $0.50 to $3.00. LVS posted normalized Q2 EPS of $0.79 vs. $0.55 in Q2 2024 ($0.26 above consensus estimates) and revenues of $3.18 billion vs. $2.76 billion in Q2 2024 ($338 million above consensus estimates). By segment, Macau revenues increased 2.5% Y/Y while Marina Bay Sands (Singapore) revenues increased 36.6%. Adjusted EBITDA increased $5 million to $566 million for its Macau properties while Marina Bay Sands EBITDA increased 50% to $768 million. Marina Bay Sands and Macau saw $107 million and $7 million positive benefits from high Hold in Rolling Play, respectively. We remain bullish on the company's Singapore property. However, Macau continues to lag even as visitation data improved in recent months. In our opinion, shares are fairly valued.