<div id="readability-page-1">01:25 PM EST, 01/29/2026 (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 maintain our 12-month price target of $63, based on 10.1x our 2026 adjusted EBITDA estimate of $5.35B and slightly lower than the company's three-year average forward EV/EBITDA multiple of 10.3x but above peers at 8.9x. We believe shares are fairly valued and expect growth to decelerate in 2026 after 15% sales growth in 2025. We maintain our 2026 adjusted EPS estimate of $3.40 and initiate our 2027 EPS estimate at $3.50. Our 2026 adjusted EBITDA estimate of $5.35B represents 2% growth compared to 2025 and EBITDA margin of 40%. Las Vegas Sands ( LVS ) posted adjusted Q4 EPS of $0.85 vs. $0.54 prior year, $0.07 above consensus estimates on revenues of $3.65B vs. $2.90B, $308M above estimates. Macao revenues increased 16.2% Y/Y to $2.06B, and adjusted EBITDA increased 6.5% to $608M. Marina Bay Sands in Singapore revenues increased 41.0% Y/Y to $1.60B, and adjusted EBITDA increased 50.3% to $806M. By segment, Macao adjusted EBITDA margin compressed 270 bps to 29.5%, while Marina Bay Sands increased 310 bps to 50.3%. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</div>

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CFRA maintains a Hold opinion on Las Vegas Sands (LVS) with a 12-month price target of $63, based on a 10.1x adjusted EBITDA estimate of $5.35B for 2026. They expect growth to decelerate after 15% sales growth in 2025, maintaining a 2026 adjusted EPS estimate of $3.40. Q4 results showed adjusted EPS of $0.85, exceeding estimates, with revenues of $3.65B. Macao revenues rose 16.2% to $2.06B, while Marina Bay Sands revenues increased 41.0% to $1.60B. Adjusted EBITDA margins varied by segment.

Research Alert: CFRA Maintains Hold Opinion On Shares Of Las Vegas Sands