Benchmark Forecasts Strong Price Appreciation for Light & Wonder (NASDAQ:LNW) Stock

Light & Wonder (NASDAQ:LNW) had its price target increased by investment analysts at Benchmark from $114.00 to $130.00 in a report released on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s price objective suggests a potential upside of 16.61% from the stock’s previous close.

Several other analysts also recently weighed in on LNW. Citigroup raised shares of Light & Wonder from a “neutral” rating to a “buy” rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. lifted their target price on shares of Light & Wonder from $103.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday. Mizuho lifted their target price on shares of Light & Wonder from $76.00 to $80.00 and gave the company an “underperform” rating in a report on Wednesday. Stifel Nicolaus lifted their target price on shares of Light & Wonder from $90.00 to $104.00 and gave the company a “hold” rating in a report on Wednesday, February 19th. Finally, Macquarie lifted their target price on shares of Light & Wonder from $122.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.83.

Light & Wonder Trading Up 0.8 %

Shares of Light & Wonder stock opened at $111.48 on Friday. Light & Wonder has a 1 year low of $84.00 and a 1 year high of $115.00. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.61 and a current ratio of 1.88. The company has a market capitalization of $9.84 billion, a P/E ratio of 34.62, a PEG ratio of 0.35 and a beta of 1.72. The company’s fifty day moving average is $91.55 and its two-hundred day moving average is $96.21.

Institutional Trading of Light & Wonder

A number of institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of Light & Wonder in the third quarter valued at about $108,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Light & Wonder in the third quarter valued at about $420,000. State of Alaska Department of Revenue lifted its holdings in shares of Light & Wonder by 5.5% in the third quarter. State of Alaska Department of Revenue now owns 10,305 shares of the company’s stock valued at $934,000 after purchasing an additional 535 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in shares of Light & Wonder by 0.9% in the third quarter. New York State Teachers Retirement System now owns 84,365 shares of the company’s stock valued at $7,654,000 after purchasing an additional 719 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in shares of Light & Wonder by 6.0% in the third quarter. QRG Capital Management Inc. now owns 10,646 shares of the company’s stock valued at $966,000 after purchasing an additional 600 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.