In a report released today, Ryan Sigdahl from Craig-Hallum assigned a Buy rating to Light & Wonder (LNW – Research Report). The company’s shares closed last Friday at $93.65.
According to TipRanks, Sigdahl is a 5-star analyst with an average return of 21.7% and a 52.89% success rate. Sigdahl covers the Consumer Cyclical sector, focusing on stocks such as Inspired Entertainment, Lithia Motors, and Penn National Gaming.
Light & Wonder has an analyst consensus of Strong Buy, with a price target consensus of $95.63, which is a 2.11% upside from current levels. In a report released on February 14, Canaccord Genuity also initiated coverage with a Buy rating on the stock with a A$164.00 price target.
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LNW market cap is currently $8.43B and has a P/E ratio of 67.46.
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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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