Billionaire Leon Cooperman’s 8 Stock Picks with Huge Upside Potential

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

Omega Advisors’ Q1 Stake: $57.9 million

Analyst Upside as of June 15: 40.85%

Number of Hedge Fund Holders: 51

Las Vegas Sands Corp. (NYSE:LVS) is one of billionaire Leon Cooperman’s top stock picks with huge upside potential. With a price target of $57, Stifel analysts reiterated their Buy rating on Las Vegas Sands Corp. (NYSE:LVS) on June 5. The decision comes after the firm hosted Alistair Scobie, the Investor Relations representative for LVS, at the annual Cross Sector Insights Conference.

Stifel analysts pointed out that while Macau’s tourism trends remain robust, tourist expenditure is currently low, largely as a result of macroeconomic factors. This is especially noticeable at the base mass level, where it is questionable whether visitor spending will increase. Nonetheless, Las Vegas Sands Corp. (NYSE:LVS) continues to be optimistic that this segment will eventually recover.

According to their report, Stifel analysts remain optimistic about Las Vegas Sands, though they admit that short-term trends may continue to be erratic. Given that the stock has dropped over 23% in the last six months, the recent sell-off is viewed as an alluring risk/reward opportunity.

Las Vegas Sands Corp. (NYSE:LVS) is a casino operator with a primary focus on the Macau market. The company primarily targets the Asian market with its five casinos in Macau and Marina Bay Sands in Singapore.