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

Light & Wonder (NASDAQ:LNW) had its price target hoisted by equities researchers at Mizuho from $76.00 to $80.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “underperform” rating on the stock. Mizuho’s target price points to a potential downside of 25.88% from the stock’s previous close.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. boosted their price objective on shares of Light & Wonder from $103.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday. Jefferies Financial Group raised their price objective on Light & Wonder from $120.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Benchmark reiterated a “buy” rating and issued a $114.00 price target on shares of Light & Wonder in a research note on Wednesday, February 19th. Stifel Nicolaus raised their price objective on Light & Wonder from $90.00 to $104.00 and gave the company a “hold” rating in a research report on Wednesday, February 19th. Finally, Citigroup raised Light & Wonder from a “neutral” rating to a “buy” rating in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Light & Wonder currently has an average rating of “Moderate Buy” and a consensus target price of $109.50.

Light & Wonder Trading Up 6.2 %

Shares of LNW stock traded up $6.31 on Wednesday, reaching $107.94. 313,615 shares of the stock were exchanged, compared to its average volume of 699,636. The stock has a 50 day moving average price of $90.10 and a 200 day moving average price of $95.99. 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 $9.53 billion, a PE ratio of 33.53, a P/E/G ratio of 0.35 and a beta of 1.72. 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 Investors Weigh In On Light & Wonder

Several institutional investors and hedge funds have recently made changes to their positions in the stock. True Wealth Design LLC purchased a new position in Light & Wonder during the third quarter worth approximately $28,000. Capital Performance Advisors LLP acquired a new position in Light & Wonder in the 3rd quarter valued at about $29,000. R Squared Ltd purchased a new stake in Light & Wonder during the 4th quarter worth about $35,000. Quarry LP purchased a new position in Light & Wonder in the third quarter valued at $51,000. Finally, Blue Trust Inc. raised its stake in Light & Wonder by 194.3% during the 4th 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. 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.