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 Stock
€89.09
-2.020%
Wynn Resorts Ltd is currently one of the favorites of our community with 16 Buy predictions and no Sell predictions.
With a target price of 116 € there is a positive potential of 30.21% for Wynn Resorts Ltd compared to the current price of 89.09 €.
