Las Vegas Sands Corp. (NYSE:LVS) surged 18.66% last week to reach a new all-time high due to bullish analyst coverage and strong Q3 earnings. The stock climbed to $58.29 on Friday before closing at $57.60. Stifel raised its price target to $68, citing an 18% upside potential.

Stifel’s coverage came after Las Vegas Sands Corp. (NYSE:LVS) reported a 52% jump in net income to $419 million and a 24% increase in net revenues to $3.33 billion in Q3. The company also announced a dividend of $0.25 per share payable on November 12 and approved a plan to raise its annual dividend rate to $1.20.

Looking ahead, Las Vegas Sands Corp. (NYSE:LVS) plans to increase its annual dividend rate to $1.20 per share next year. While LVS shows potential as an investment, some AI stocks may offer higher returns with limited downside risk. Explore our free report on the best short-term AI stock for more insights.

Read more at Yahoo Finance: Las Vegas (LVS) Sands Climbs 18.7%, Sets New Record High on Bullish Rating, StellarQ3