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

Light & Wonder (NASDAQ:LNW) had its target price lifted by investment 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 price target suggests a potential upside of 16.75% from the company’s current price.

LNW has been the subject of several other research reports. Benchmark reaffirmed a “buy” rating and set a $114.00 price target on shares of Light & Wonder in a research note on Wednesday. Jefferies Financial Group lifted their price target on shares of Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Truist Financial decreased their price target on shares of Light & Wonder from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Stifel Nicolaus lifted their price objective on shares of Light & Wonder from $90.00 to $104.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Citigroup raised shares of Light & Wonder from a “neutral” rating to a “buy” rating in a report 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $109.25.

Light & Wonder Trading Up 2.8 %

Shares of Light & Wonder stock traded up $2.86 on Wednesday, hitting $104.50. 1,253,453 shares of the company traded hands, compared to its average volume of 668,870. The stock’s 50 day moving average price is $88.98 and its 200-day moving average price is $95.90. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49. Light & Wonder has a 52 week low of $84.00 and a 52 week high of $115.00. The company has a market cap of $9.23 billion, a PE ratio of 32.43, a PEG ratio of 0.33 and a beta of 1.72.

Hedge Funds Weigh In On Light & Wonder

Several institutional investors and hedge funds have recently bought and sold shares of LNW. True Wealth Design LLC purchased a new stake in shares of Light & Wonder during the third quarter valued at $28,000. Capital Performance Advisors LLP purchased a new stake in shares of Light & Wonder during the third quarter valued at $29,000. R Squared Ltd purchased a new stake in shares of Light & Wonder during the fourth quarter valued at $35,000. Quarry LP purchased a new stake in shares of Light & Wonder during the third quarter valued at $51,000. Finally, Blue Trust Inc. grew 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 buying an additional 474 shares during the last quarter. 88.08% of the stock is owned by hedge funds and other institutional investors.

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.