Jefferies cuts target for Las Vegas Sands stock to USD 40.00

Published on 10/17/2026 at 19:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 3.15 billion versus USD 3.31 billion expected. Las Vegas Sands stock was last at USD 38.01 on October 16, 2026, down 0.81 percent on NYSE.

Jefferies target and results

Jefferies lowered its Las Vegas Sands target from USD 47.00 to USD 40.00 on October 14, 2026, leaving 5.24 percent upside to the target.
Second-quarter revenue reached USD 3.15 billion versus USD 3.31 billion expected.
Las Vegas Sands stock was last at USD 38.01 at 4:00 p.m. ET on October 16, 2026, down 0.81 percent on the NYSE versus the prior close.
Las Vegas Sands had a P/E ratio of 14.79 and market capitalization of USD 24.6 billion as of October 16, 2026.

Beleuchteter Resort- und Hotelkomplex am Wüstenboulevard bei Abenddämmerung, unbranded — Fotorealistische Dämmerungsansicht eines Resortkomplexes symbolisiert Las Vegas Sands mit ISIN US51669R1077 börsennotiert, Illustration mit AI erstellt.

Jefferies lowered its Las Vegas Sands target from USD 47.00 to USD 40.00 on October 14, 2026, according to Yahoo Finance. Against the last NYSE price of USD 38.01, the new target stands 5.24 percent higher. Las Vegas Sands stock was last at USD 38.01 at 4:00 p.m. ET on October 16, 2026, down 0.81 percent from the prior close.

Revenue missed expectations

Las Vegas Sands reported second-quarter revenue of USD 3.15 billion, below the USD 3.31 billion consensus estimate, according to MarketBeat. The same report said earnings per share came in at USD 0.59 against USD 0.76 expected, making the upcoming results a key test of operating performance.

Price position after October 16

The NYSE session ranged from USD 37.90 to USD 38.59, while volume reached 8,329,314 shares against an average of 5,576,328. That puts the session volume 49.37 percent above the average and shows a more active market than the recent norm.

The 52-week range was USD 35.28 to USD 70.45 on October 16, 2026. The last price stood 46.04 percent below the 52-week high and 7.74 percent above the 52-week low, placing the stock materially closer to its annual low than its annual peak.

Valuation and peer comparison

Las Vegas Sands had a market capitalization of USD 24.6 billion, a P/E ratio of 14.79 and a dividend yield of 0.03 percent as of October 16, 2026. The valuation picture is best read alongside same-day casino operators rather than in isolation.

Comparison with peers

Las Vegas Sands (NYSE, USD): minus 0.81 percent, P/E 14.79, market capitalization USD 24.6 billion
Wynn Resorts (NYSE, USD): minus 1.78 percent, P/E 18.13, market capitalization USD 7.8 billion
MGM Resorts International (NYSE, USD): minus 2.99 percent, P/E 17.33, market capitalization USD 7.2 billion

What the figures indicate

Las Vegas Sands finished the latest session with a lower daily move than both comparison companies, while its P/E ratio was also below their reported multiples. The combination of a USD 40.00 Jefferies target and second-quarter revenue below expectations leaves the next earnings update as the clearest scheduled valuation checkpoint.