Light & Wonder (NASDAQ:LNW) Stock Price Expected to Rise, Macquarie Analyst Says

Light & Wonder (NASDAQ:LNW) had its target price boosted by stock analysts at Macquarie from $117.00 to $122.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Macquarie’s target price would suggest a potential upside of 16.31% from the company’s current price.

A number of other brokerages have also issued reports on LNW. Jefferies Financial Group raised their price target on shares of Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Citigroup raised Light & Wonder from a “neutral” rating to a “buy” rating in a research note on Wednesday. Benchmark reaffirmed a “buy” rating and set a $114.00 price target on shares of Light & Wonder in a research report on Wednesday. Truist Financial cut their price objective on Light & Wonder from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Finally, Stifel Nicolaus boosted their target price on Light & Wonder from $90.00 to $104.00 and gave the company a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Light & Wonder currently has an average rating of “Moderate Buy” and an average target price of $109.25.

Light & Wonder Stock Performance

NASDAQ:LNW opened at $104.89 on Wednesday. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88. Light & Wonder has a fifty-two week low of $84.00 and a fifty-two week high of $115.00. The business has a 50 day moving average price of $89.47 and a 200-day moving average price of $96.04. The firm has a market cap of $9.26 billion, a PE ratio of 32.57, a price-to-earnings-growth ratio of 0.34 and a beta of 1.72.

Institutional Investors Weigh In On Light & Wonder

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

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.