Craig-Hallum analyst Ryan Sigdahl maintained a Buy rating on Light & Wonder (LNW – Research Report) today. The company’s shares closed yesterday at $77.88.
Sigdahl covers the Consumer Cyclical sector, focusing on stocks such as DraftKings, Full House Resorts, and Light & Wonder. According to TipRanks, Sigdahl has an average return of 20.4% and a 52.36% success rate on recommended stocks.
Currently, the analyst consensus on Light & Wonder is a Moderate Buy with an average price target of $88.83, a 14.06% upside from current levels. In a report released on January 4, Jefferies also maintained a Buy rating on the stock with a $101.00 price target.
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LNW market cap is currently $7.01B and has a P/E ratio of 56.10.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LNW in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Light & Wonder (LNW) Company Description:
Scientific Games Corp. engages in the development of technology-based products and services and associated content. It operates through the following business segments: Gaming, Lottery, and SciPlay and Digital. The Gaming segment designs, develops, manufactures, markets, and distributes a comprehensive portfolio of gaming products and services. The Lottery segment comprises of system-based services and product sales business, and instant games business. The SciPlay segment developes and publishes digital games on mobile and web platforms. The Digital Segment provides a comprehensive suite of digital gaming and sports wagering solutions and services, including digital RMG and sports wagering solutions, distribution platforms, content, products and services. The company was founded on July 2, 1984 and is headquartered in Las Vegas, NV.
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