JPMorgan upgrades Las Vegas Sands stock rating to Overweight on Singapore growth

Published 16/10/2025, 08:40
JPMorgan upgrades Las Vegas Sands stock rating to Overweight on Singapore growth

Investing.com - JPMorgan has upgraded Las Vegas Sands (NYSE:LVS) from Neutral to Overweight and raised its price target to $60.00 from $56.00, implying over 20% potential upside. According to InvestingPro data, LVS currently trades at $49.03, with analysts maintaining a strong buy consensus and targets ranging from $55 to $73.50.

The upgrade is primarily driven by JPMorgan’s more positive outlook on the company’s Singapore operations, while maintaining balanced expectations for Macau performance.

JPMorgan believes Singapore is currently undervalued at an implied $27 per share (11x forward EBITDA) compared to their estimate of $37 per share (13x forward EBITDA), which they argue better reflects Marina Bay Sands’ asset quality and growth potential as a high-end Southeast Asian gaming destination.

The firm also notes potential upside to third-quarter Singapore EBITDA estimates, with second-quarter results demonstrating higher earnings potential from the property. InvestingPro analysis suggests the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report covering this top-performing gaming stock.

Las Vegas Sands stock is currently trading at approximately $49 per share, down about 15% from recent highs, creating what JPMorgan sees as a favorable risk-reward scenario with $16 upside potential (on 5% higher EBITDA) versus $9 downside risk (on 10% lower EBITDA and valuation multiple contraction). The stock has shown strong momentum with a 55.65% price return over the past six months.

In other recent news, Las Vegas Sands has been the focus of several analyst updates following its latest earnings report. The company reported a record-high quarterly EBITDA of $768 million at its Marina Bay Sands resort in Singapore, contributing to a significant rise in mass market performance. This has led Citi to raise its price target for Las Vegas Sands to $72.50, highlighting the resort’s strong performance. Stifel also increased its price target to $60, citing a $2.5 billion EBITDA run rate at Marina Bay Sands. Meanwhile, Mizuho raised its target to $56, noting mixed results across international operations but aligning Macau EBITDA with its estimates. UBS also adjusted its price target to $55, maintaining a Neutral rating. These developments come amid a backdrop of declining Macau casino stocks due to weak Golden Week travel data, affecting companies like Wynn Resorts and MGM Resorts International. Despite challenges in Macau, Las Vegas Sands’ Singapore operations have shown robust growth, capturing analysts’ attention.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.