{"id":179062,"date":"2021-07-08T09:38:47","date_gmt":"2021-07-08T16:38:47","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=179062"},"modified":"2021-07-08T11:29:44","modified_gmt":"2021-07-08T18:29:44","slug":"penn-lvs-among-gaming-equities-with-big-upside-ahead-says-goldman","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/penn-lvs-among-gaming-equities-with-big-upside-ahead-says-goldman\/","title":{"rendered":"Las Vegas Sands, Penn National Stocks Upside Potential Touted by Goldman Sachs"},"content":{"rendered":"

Las Vegas Sands (NYSE:LVS) and Penn National Gaming (NASDAQ:PENN) make the cut on a Goldman Sachs list of 10 stocks with the biggest return potential over the next year.<\/p>\n

\"penn
A view from the slots area at the Hollywood Casino at Penn National Race Course, pictured above. Goldman Sachs says Penn stock can bounce back. (Image: Reading Eagle<\/em>)<\/figcaption><\/figure>\n

The Wall Street bank released the list Wednesday, and it includes some qualifiers. First, stocks in the group cannot be rated \u201csell\u201d by Goldman. Second, the upside potential of the names is measured by June 30 closing prices relative to Goldman’s price targets.<\/p>\n

LVS, the largest operator in Macau<\/a>, and regional casino giant Penn National are the only two gaming equities on the Goldman list. The bank also published a list of the 10 stocks with the lowest return potential over the next year. No gaming names are featured on that list.<\/p>\n

For Penn Stock, Plenty of Room for Redemption<\/h2>\n

For roughly a year following the coronavirus market low in March in 2020, Penn National was one of the best-performing gaming equities, surging from under $4 to a high of $142 in March 2021.<\/p>\n

\n

The air has come out of that trade in a big way, and Wall Street analysts are divided<\/a> on shares of the regional casino operator, with some arguing the stock got too pricey, too fast based on investors’ enthusiasm for iGaming and sports wagering. Year-to-date, Penn stock is off 17.58 percent, and it’s shed more than 30 percent of its value in just the past 90 days.<\/p>\n<\/div>\n

Still, Goldman likes the name. In fact, the Ameristar operator ranks highest on the bank’s list of equities with the best return potential. From its June 30 close of $76.49 (the stock trades lower today), Penn has upside of almost 95 percent to Goldman’s price target, according to the bank.<\/p>\n

Last month, the regional gaming company raised second-quarter<\/a> revenue and adjusted earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (<\/span><\/span>EBITDAR)<\/span> forecasts. Still, Penn stock is slumping following that update, trading at its lowest levels since December.<\/p>\n

Don’t Leave Las Vegas Sands<\/h2>\n

Shares of LVS are off 14.68 percent year-to-date and are in the midst of a 10 percent slump over the past month. That’s as an uptick in coronavirus cases in mainland China is pressuring visitation to Macau \u2013 the market that accounts for the biggest chunk of the company’s EBITDA and revenue.<\/p>\n

Sands owns five integrated resorts in the world’s largest casino hub, <\/a>where June gross gaming revenue (GGR) slumped because of lingering travel restrictions with Hong Kong and other health protocols. However, there are signs things could be opening up, as travel with the neighboring Guangdong province will be relaxed starting July 10.<\/p>\n

Goldman Sachs estimates shares of LVS can climb 36.6 percent from June 30, good for the tenth spot on the bank’s list. Sands currently resides about 24 percent below its 52-week high of $66.76.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Las Vegas Sands (NYSE:LVS) and Penn National Gaming (NASDAQ:PENN) make the cut on a Goldman Sachs list of 10 stocks with the biggest return potential over the next year. The Wall Street bank released the list Wednesday, and it includes some qualifiers. First, stocks in the group cannot be rated \u201csell\u201d by Goldman. Second, the […]<\/p>\n","protected":false},"author":46,"featured_media":179063,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,33810],"tags":[],"acf":[],"yoast_head":"\nPenn, LVS Among Gaming Equities with Big Upside Ahead, Says Goldman<\/title>\n<meta name=\"description\" content=\"Las Vegas Sands, Penn stock offer significant upside potential relative to price targets, according to Goldman Sachs.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Penn, LVS Among Gaming Equities with Big Upside Ahead, Says Goldman\" \/>\n<meta property=\"og:description\" content=\"Las Vegas Sands, Penn stock offer significant upside potential relative to price targets, according to Goldman Sachs.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/penn-lvs-among-gaming-equities-with-big-upside-ahead-says-goldman\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-08T16:38:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-08T18:29:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/07\/penn.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1763\" \/>\n\t<meta property=\"og:image:height\" content=\"992\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/penn-lvs-among-gaming-equities-with-big-upside-ahead-says-goldman\/\",\"url\":\"https:\/\/www.casino.org\/news\/penn-lvs-among-gaming-equities-with-big-upside-ahead-says-goldman\/\",\"name\":\"Penn, LVS Among Gaming Equities with Big Upside Ahead, Says Goldman\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/penn-lvs-among-gaming-equities-with-big-upside-ahead-says-goldman\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/penn-lvs-among-gaming-equities-with-big-upside-ahead-says-goldman\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/07\/penn.jpg\",\"datePublished\":\"2021-07-08T16:38:47+00:00\",\"dateModified\":\"2021-07-08T18:29:44+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Las Vegas Sands, Penn stock offer significant upside potential relative to price targets, according to Goldman Sachs.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/penn-lvs-among-gaming-equities-with-big-upside-ahead-says-goldman\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/penn-lvs-among-gaming-equities-with-big-upside-ahead-says-goldman\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/penn-lvs-among-gaming-equities-with-big-upside-ahead-says-goldman\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/07\/penn.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/07\/penn.jpg\",\"width\":1763,\"height\":992,\"caption\":\"The slots area at the Hollywood Casino at Penn National Race Course. Goldman Sachs says Penn stock can bounce back. (Image: Reading Eagle)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/penn-lvs-among-gaming-equities-with-big-upside-ahead-says-goldman\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial\",\"item\":\"https:\/\/www.casino.org\/news\/financial\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Las Vegas Sands, Penn National Stocks Upside Potential Touted by Goldman Sachs\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Penn, LVS Among Gaming Equities with Big Upside Ahead, Says Goldman","description":"Las Vegas Sands, Penn stock offer significant upside potential relative to price targets, according to Goldman Sachs.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Penn, LVS Among Gaming Equities with Big Upside Ahead, Says Goldman","og_description":"Las Vegas Sands, Penn stock offer significant upside potential relative to price targets, according to Goldman Sachs.","og_url":"https:\/\/www.casino.org\/news\/penn-lvs-among-gaming-equities-with-big-upside-ahead-says-goldman\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2021-07-08T16:38:47+00:00","article_modified_time":"2021-07-08T18:29:44+00:00","og_image":[{"width":1763,"height":992,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/07\/penn.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/penn-lvs-among-gaming-equities-with-big-upside-ahead-says-goldman\/","url":"https:\/\/www.casino.org\/news\/penn-lvs-among-gaming-equities-with-big-upside-ahead-says-goldman\/","name":"Penn, LVS Among Gaming Equities with Big Upside Ahead, Says Goldman","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/penn-lvs-among-gaming-equities-with-big-upside-ahead-says-goldman\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/penn-lvs-among-gaming-equities-with-big-upside-ahead-says-goldman\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/07\/penn.jpg","datePublished":"2021-07-08T16:38:47+00:00","dateModified":"2021-07-08T18:29:44+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"Las Vegas Sands, Penn stock offer significant upside potential relative to price targets, according to Goldman Sachs.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/penn-lvs-among-gaming-equities-with-big-upside-ahead-says-goldman\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/penn-lvs-among-gaming-equities-with-big-upside-ahead-says-goldman\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/penn-lvs-among-gaming-equities-with-big-upside-ahead-says-goldman\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/07\/penn.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/07\/penn.jpg","width":1763,"height":992,"caption":"The slots area at the Hollywood Casino at Penn National Race Course. Goldman Sachs says Penn stock can bounce back. (Image: Reading Eagle)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/penn-lvs-among-gaming-equities-with-big-upside-ahead-says-goldman\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Financial","item":"https:\/\/www.casino.org\/news\/financial\/"},{"@type":"ListItem","position":3,"name":"Las Vegas Sands, Penn National Stocks Upside Potential Touted by Goldman Sachs"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/179062"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=179062"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/179062\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/179063"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=179062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=179062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=179062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}