Light & Wonder, Inc. (NASDAQ:LNW) Receives $109.25 Consensus Price Target from Analysts

Light & Wonder, Inc. (NASDAQ:LNW) has earned an average rating of “Moderate Buy” from the fifteen ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $110.83.

Several equities analysts have recently commented on LNW shares. Benchmark upped their price target on shares of Light & Wonder from $114.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Macquarie upped their target price on shares of Light & Wonder from $122.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Citigroup raised Light & Wonder from a “neutral” rating to a “buy” rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. increased their price objective on Light & Wonder from $103.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Finally, Stifel Nicolaus raised their target price on Light & Wonder from $90.00 to $104.00 and gave the company a “hold” rating in a research report on Wednesday, February 19th.

Institutional Investors Weigh In On Light & Wonder

Several hedge funds and other institutional investors have recently bought and sold shares of the business. True Wealth Design LLC bought a new position in shares of Light & Wonder during the 3rd quarter valued at about $28,000. Capital Performance Advisors LLP bought a new stake in Light & Wonder during the third quarter worth approximately $29,000. R Squared Ltd acquired a new position in Light & Wonder in the fourth quarter worth approximately $35,000. Quarry LP acquired a new position in Light & Wonder in the third quarter worth approximately $51,000. Finally, Blue Trust Inc. increased its holdings in shares of Light & Wonder by 194.3% in the fourth quarter. Blue Trust Inc. now owns 718 shares of the company’s stock valued at $65,000 after buying an additional 474 shares in the last quarter. 88.08% of the stock is currently owned by institutional investors.

Light & Wonder Price Performance

Shares of LNW opened at $106.60 on Wednesday. Light & Wonder has a 12 month low of $84.00 and a 12 month high of $115.00. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.88 and a quick ratio of 1.61. The stock has a fifty day moving average price of $92.44 and a 200 day moving average price of $96.24. The company has a market cap of $9.00 billion, a P/E ratio of 33.11, a PEG ratio of 0.35 and a beta of 1.72.

Light & Wonder Company Profile

Light & Wonder, Inc is a cross-platform global games company, which engages in the development of content and digital markets. It operates through the following segments: Gaming, SciPlay, and iGaming. The Gaming segment includes the design, manufacture, marketing, and distribution of portfolio of gaming products and services.