5 Best Gaming Stocks To Buy Now

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In this article, we discuss 5 best gaming stocks to buy now. If you want to see more stocks in this selection, check out 12 Best Gaming Stocks To Buy Now

5. Las Vegas Sands Corp. (NYSE:LVS)

Number of Hedge Fund Holders: 42

Las Vegas Sands Corp. (NYSE:LVS) develops, owns, and operates integrated resorts, including The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao, Four Seasons Hotel Macao, Cotai Strip, the Sands Macao, and Marina Bay Sands in Singapore. The resorts feature accommodations, gaming, entertainment and retail malls, convention and exhibition facilities, and celebrity chef restaurants, among other amenities. Las Vegas Sands Corp. (NYSE:LVS) is one of the best gaming stocks to buy now. 

On October 13, BofA analyst Shaun Kelley upgraded Las Vegas Sands Corp. (NYSE:LVS) to Neutral from Underperform with an unchanged price target of $37. Uncertainty around Macau remains high, but the risk for Macau is now lower as compared to ten months ago, the analyst told investors in a research note. Las Vegas Sands Corp. (NYSE:LVS) shares offer “substantial positive estimate revision potential”, as per the analyst. On September 26, Jefferies analyst David Katz upgraded Las Vegas Sands Corp. (NYSE:LVS) to Buy from Hold.

According to Insider Monkey’s data, 42 hedge funds were long Las Vegas Sands Corp. (NYSE:LVS) at the end of the second quarter of 2022, up from 39 funds in the last quarter. Ken Griffin’s Citadel Investment Group is a prominent stakeholder of the company, with 3.6 million shares worth about $122 million. 

Here is what Baron Real Estate Fund has to say about Las Vegas Sands Corp. (NYSE:LVS) in its Q2 2022 investor letter:

“Certain travel-related businesses remain cyclically depressed, not secularly challenged and should rebound as economic strength re-emerges. For example, the business operations of Macau-centric casino and gaming companies such as Las Vegas Sands Corporation (NYSE:LVS) have yet to recover due to the ongoing COVID-19 challenges in China. We expect business to rebound sharply when economic growth recovers just as it did in Las Vegas. Las Vegas Sands Corporation is a global leader in the development and operation of luxury casino resorts in Macau and Singapore, and it maintains a liquid and investment grade balance sheet. It is currently valued at a significant discount to our assessment of replacement cost, and the company’s Macau operations are valued at only 7 times estimated cash flow.”

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