JPMorgan sees a rosy outlook ahead for Las Vegas Sands . The bank upgraded shares of the casino operator to overweight from neutral. Analyst Daniel Politzer also raised his price target by $4 to $60 per share, implying upside of 22% from Wednesday’s close. He pointed to upside in the Singapore market as a major catalyst for the company. Specifically, Politzer highlighted the Marina Bay Sands in Singapore as a trademark asset for Las Vegas Sands. LVS YTD mountain LVS YTD chart “Our upgrade is based solely on Singapore upside, with LVS’s current valuation implying this asset is underpriced,” he wrote. “Our positive view on LVS is further supported by MBS’s asset quality, proven skill in attracting high-end gaming play from Southeast Asia, and potential for prop bets (increasingly popular) to increase table hold and drive earnings upside.” Ahead of the company’s earnings release next week, Politzer also believes that current estimates could prove conservative and that potential upside exists to the company’s third-quarter Singapore estimates. Meantime, at its current valuation Las Vegas Sands is trading 15% down from its highs and the skew is now more positive. “Simplistically, we think Singapore is worth $37 per LVS share, $10 more than its current implied $27/sh,” the analyst said. “The math is simple, LVS at $48/sh, and its 73% stake in 1928 HK worth ~$21/sh, thus implying Singapore is worth $27/sh.” Las Vegas Sands shares rose more than 2% in the premarket. Year to date, they have lost more than 4%, however. Most analysts are bullish Las Vegas Sands. LSEG data shows that 13 of the 19 who cover the stock rate it a buy or strong buy. ( Learn the best 2026 strategies from inside the NYSE with Josh Brown and others at CNBC PRO Live. Tickets and info here . )