22 July 2026 | 11:18PM EDT Equity Research Las Vegas Sands Corp. (LVS) 2Q26 Review: Continued overhang on Macau and Singapore momentum slows; Lower PT to $55 LVS 12m Price Target: $55.00 Price: $45.25 Upside: 21.5% Bottom line: Expectations for LVS had come down considerably into the quarter, mainly around negative Macau industry data and LVS share loss within that market, and fears that the World Cup may have driven traffic away from LVS's markets, particularly in Singapore, where a relatively small number ...

J P M O R G A N North America Equity Research 23 July 2026 Las Vegas Sands Corp. 2Q26 Takes; Red Cards for Both Macau and Singapore, but Risk/Reward Compelling for LT Investors; Stay OW, PT $60 (-$4) LVS reported a worse than expected 2Q26 result, with Macau falling short of very low expectations, and perhaps more importantly, Singapore missing for the first time in years. Across both markets, LVS experienced typical seasonality (2Q below 1Q), but this was exacerbated by incremental softness among premium p ...