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

Light & Wonder (NASDAQ:LNW) had its price target raised by Macquarie from $117.00 to $122.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

LNW has been the topic of several other research reports. Jefferies Financial Group increased their target price on Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Benchmark reaffirmed a “buy” rating and set a $114.00 price target on shares of Light & Wonder in a research note on Wednesday. Stifel Nicolaus upped their price target on Light & Wonder from $90.00 to $104.00 and gave the company a “hold” rating in a research note on Wednesday. Citigroup raised Light & Wonder from a “neutral” rating to a “buy” rating in a research note on Wednesday. Finally, Truist Financial cut their price target on Light & Wonder from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $109.25.

Light & Wonder Price Performance

Shares of LNW stock opened at $101.83 on Wednesday. The stock’s fifty day moving average is $89.67 and its 200-day moving average is $96.07. 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 stock has a market capitalization of $8.99 billion, a PE ratio of 31.62, a PEG ratio of 0.36 and a beta of 1.72. Light & Wonder has a 52 week low of $84.00 and a 52 week high of $115.00.

Hedge Funds Weigh In On Light & Wonder

Several hedge funds have recently added to or reduced their stakes in LNW. True Wealth Design LLC bought a new stake in shares of Light & Wonder in the third quarter worth about $28,000. Capital Performance Advisors LLP bought a new stake in shares of Light & Wonder in the third quarter worth about $29,000. R Squared Ltd bought a new stake in shares of Light & Wonder in the fourth quarter worth about $35,000. Quarry LP bought a new stake in shares of Light & Wonder in the third quarter worth about $51,000. Finally, Blue Trust Inc. increased its holdings in shares of Light & Wonder by 194.3% in the fourth quarter. Blue Trust Inc. now owns 718 shares of the company’s stock worth $65,000 after acquiring an additional 474 shares in the last quarter. Institutional investors and hedge funds 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.