Is Las Vegas Sands Running Out of Steam or Taking a Breather?
Shares of Las Vegas Sands (NYSE: LVS) rallied nearly 20% this year, but the stock seemingly stalled out after hitting a multiyear high of $66 in mid-June. Is the casino giant running out of steam, or is it merely taking a breather? Let's examine the bear and bull cases to decide.
Las Vegas Sands faces a lot of challenges in Macau, which generates over half of its adjusted EBITDA. Gaming revenues in Macau rose annually for the 11th straight month in June, but its 26% growth missed analyst expectations for 30% growth.
Macau, China. Image source: Getty Images.
Source: Fool.com
Wynn Resorts Ltd Aktie
69,68 €
1,07 %
Wynn Resorts Ltd als klarer Gewinner: Nur Buy-Einschätzungen, keine Sell-Einschätzungen.
Das Kursziel von 115 € für Wynn Resorts Ltd weist auf eine potenzielle Steigerung von über 50% gegenüber dem aktuellen Kurs von 69.68 € hin.
