Las Vegas Sands (LVS) Soars 1.59% on Macau Revenue Surge

Las Vegas Sands (LVS) shares surged 1.59% today, marking the fifth consecutive day of gains, with a cumulative increase of 12.87% over the past five days. The stock price reached its highest level since January 2025, with an intraday gain of 2.25%.

The strategy of buying LVS shares after they reached a recent high and selling them one week later resulted in poor performance over the past five years. The strategy had a total return of -8.60% with a CAGR of -3.57%, significantly underperforming the benchmark return of 56.99%. The strategy also had a high maximum drawdown of -45.75% and a Sharpe ratio of -0.12, indicating significant risk and losses.

UBS recently adjusted its price target for Las Vegas Sands, raising it from $43.00 to $48.00 while maintaining a "Neutral" rating. This adjustment reflects ongoing evaluations and expectations related to the company's market performance, indicating a positive outlook despite the neutral stance.

Goldman Sachs initiated coverage of Las Vegas Sands with a "Neutral" rating and set a price target of $52.00. This move suggests a strategic interest in the company's positioning and market potential, further bolstering investor confidence in the stock.

Investor sentiment was significantly boosted by the announcement of increased gaming revenues in Macau for June. This positive news contributed to a surge in Las Vegas Sands' stock price, reflecting the company's strong performance in the Macau market and its potential for future growth.