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

Light & Wonder (NASDAQ:LNW) had its price objective raised by stock analysts at Mizuho from $76.00 to $80.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “underperform” rating on the stock. Mizuho’s price target points to a potential downside of 27.70% from the stock’s previous close.

Several other research firms have also recently weighed in on LNW. Jefferies Financial Group increased their price target on shares of Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Macquarie upped their price objective on Light & Wonder from $122.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday. Citigroup raised Light & Wonder from a “neutral” rating to a “buy” rating in a report on Wednesday, February 19th. Benchmark restated a “buy” rating and issued a $114.00 price target on shares of Light & Wonder in a research note on Wednesday, February 19th. Finally, Stifel Nicolaus lifted their price objective on shares of Light & Wonder from $90.00 to $104.00 and gave the stock a “hold” rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Light & Wonder presently has an average rating of “Moderate Buy” and a consensus target price of $109.50.

Light & Wonder Trading Up 1.9 %

LNW stock opened at $110.65 on Wednesday. Light & Wonder has a one year low of $84.00 and a one year high of $115.00. The stock has a market cap of $9.77 billion, a price-to-earnings ratio of 34.36, a price-to-earnings-growth ratio of 0.35 and a beta of 1.72. The company has a fifty day moving average price of $91.03 and a two-hundred day moving average price of $96.18. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.88 and a quick ratio of 1.61.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Light & Wonder in the 3rd quarter valued at $108,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Light & Wonder in the third quarter valued at about $420,000. State of Alaska Department of Revenue grew its position in 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 acquiring an additional 535 shares during the last quarter. New York State Teachers Retirement System grew its position in 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 acquiring an additional 719 shares during the last quarter. Finally, Iridian Asset Management LLC CT raised its stake in Light & Wonder by 12.1% during the third quarter. Iridian Asset Management LLC CT now owns 51,571 shares of the company’s stock worth $4,679,000 after acquiring an additional 5,570 shares in the last quarter. 88.08% of the stock is currently owned by institutional investors and hedge funds.

About Light & Wonder

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.