Benchmark raised the firm’s price target on Light & Wonder to $130 from $114 and keeps a Buy rating on the shares after the company delivered Q4 AEBITDA that exceeded consensus and reaffirmed FY25 AEBITDA guidance. Although no major U.S. iGaming legalization is anticipated in 2025, expansion into Brazil and other international markets “remains a key long-term driver,” the analyst tells investors.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LNW:
- Light & Wonder Inc. Reports Record Growth and Strategic Moves
- Light & Wonder price target raised to $80 from $76 at Mizuho
- Buy Rating Affirmed for Light & Wonder Amid Strong Performance and Strategic Growth Initiatives
- Light & Wonder price target raised to $110 from $103 at JPMorgan
- Light & Wonder Reports Strong 2024 Financial Results
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue