Goldman Sachs Cuts Las Vegas Sands (LVS) Price Target to $47

Goldman Sachs has reiterated its Buy rating on Las Vegas Sands Corp. (NYSE: LVS) on October 14, 2026, setting a new price target of $47, down from the previous target of $55. This adjustment reflects the firm's ongoing assessment of the stock's potential.

Goldman Sachs' Call on Las Vegas Sands

Goldman Sachs maintains a Buy rating for Las Vegas Sands, lowering its price target to $47. The stock is currently trading below this target at $38.15 as of October 16, 2026, which is about 18.8% lower than the target.

Other Institutional Activity in Las Vegas Sands

Several other institutional investors have made adjustments to their positions in Las Vegas Sands. Blackrock Inc. reduced its holdings by 1,318,618 shares, bringing its total to 24,844,440 shares worth about $944.3 million. Vanguard Capital Management LLC also trimmed its stake by 192,458 shares, ending with 19,446,065 shares valued at approximately $739.1 million. In contrast, State Street Corporation increased its position by 919,884 shares, reaching a total of 15,159,570 shares worth about $576.2 million.

Las Vegas Sands Corp. Stock Down 4.6%

Las Vegas Sands shares are currently trading at $38.15, which is below the recent price target set by Goldman Sachs. The stock has faced challenges, as indicated by the lowered target, but still holds a significant position in the consumer cyclical sector, particularly in resorts and casinos.

Recent Earnings

Las Vegas Sands reported a trailing twelve-month revenue of about $13.72 billion and an earnings per share (EPS) of $2.58. The company's revenue growth year-over-year stands at -0.7%, while it has a net margin of 12.6%. The next earnings report is scheduled for October 21, 2026, which could provide further insights into its financial performance.

Insider Buying and Selling at Las Vegas Sands Corp.

In recent insider activity, CEO Robert G. Goldstein sold 1,250,000 shares on December 17, 2025, valued at approximately $83.4 million. Additionally, CEO Patrick Dumont sold 60,165 shares at an average price of $54.75 on March 17, 2026, totaling about $3.3 million. Director Charles D. Forman also sold 11,400 shares at an average price of $54.09 on April 27, 2026, amounting to around $616,626.

Analysts Set New Price Targets

On October 14, 2026, Goldman Sachs reiterated its Buy rating on Las Vegas Sands and set a new price target of $47, down from $55. Other analysts have shown mixed sentiments; for instance, Macquarie maintained an Outperform rating with a target of $56, while Barclays kept its Overweight rating with a target of $57.

About Las Vegas Sands

Las Vegas Sands Corp. is a major player in the resorts and casinos industry, operating integrated resorts in Macao and Singapore. The company owns iconic properties such as The Venetian Macao and Marina Bay Sands. This recent analyst activity underscores the continued interest in the company's performance amid changing market conditions.

Bottom Line

Investors should monitor Las Vegas Sands closely, especially with the upcoming earnings report on October 21, 2026. The gap between the current stock price and Goldman Sachs' new target could signal opportunities for future movements in the stock.