<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>

拉斯維加斯金沙集團

體育博彩遊戲指數 ETF

休閒娛樂 ETF - PowerShares

博彩 ETF - VanEck Vectors

BEDZ

金沙中國有限公司

CFRA 對拉斯維加斯金沙集團（LVS）維持持有評級，12 個月目標價為 63 美元，基於對 2026 年 53.5 億美元的調整後 EBITDA 估計的 10.1 倍倍數。他們預計在 2025 年銷售增長 15% 後，增長將放緩，並維持 2026 年調整後每股收益（EPS）估計為 3.40 美元。第四季度的結果顯示調整後每股收益為 0.85 美元，超出預期，收入為 36.5 億美元。澳門的收入增長了 16.2%，達到 20.6 億美元，而濱海灣金沙的收入增長了 41.0%，達到 16 億美元。調整後 EBITDA 的利潤率因部門而異

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

fidelity

AdvisorShares Hotel ETF

研究警示：CFRA 維持對拉斯維加斯金沙集團股票的持有評級