Fintel reports that on August 26, 2024, Maxim Group initiated coverage of Light & Wonder (NasdaqGS:LNW) with a Buy recommendation.
Analyst Price Forecast Suggests 2.54% Upside
As of August 26, 2024, the average one-year price target for Light & Wonder is $110.55/share. The forecasts range from a low of $76.76 to a high of $136.50. The average price target represents an increase of 2.54% from its latest reported closing price of $107.81 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Light & Wonder is 2,832MM, a decrease of 7.96%. The projected annual non-GAAP EPS is 2.90.
What is the Fund Sentiment?
There are 622 funds or institutions reporting positions in Light & Wonder. This is an increase of 14 owner(s) or 2.30% in the last quarter. Average portfolio weight of all funds dedicated to LNW is 0.48%, an increase of 0.84%. Total shares owned by institutions decreased in the last three months by 1.88% to 74,871K shares. 
The put/call ratio of LNW is 0.28, indicating a bullish outlook.
What are Other Shareholders Doing?
Fine Capital Partners holds 8,045K shares representing 9.07% ownership of the company. In its prior filing, the firm reported owning 8,153K shares , representing a decrease of 1.34%. The firm increased its portfolio allocation in LNW by 0.11% over the last quarter.
Capital Research Global Investors holds 2,828K shares representing 3.19% ownership of the company. In its prior filing, the firm reported owning 3,103K shares , representing a decrease of 9.75%. The firm decreased its portfolio allocation in LNW by 9.22% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,820K shares representing 3.18% ownership of the company. In its prior filing, the firm reported owning 2,813K shares , representing an increase of 0.28%. The firm increased its portfolio allocation in LNW by 13.67% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 2,804K shares representing 3.16% ownership of the company. In its prior filing, the firm reported owning 2,803K shares , representing an increase of 0.01%. The firm increased its portfolio allocation in LNW by 5.17% over the last quarter.
SMCWX - SMALLCAP WORLD FUND INC holds 2,557K shares representing 2.88% ownership of the company. No change in the last quarter.
Light & Wonder Background Information
(This description is provided by the company.)
Scientific Games Corporation is a world leader in entertainment offering dynamic games, systems and services for casino, lottery, social gaming, online gaming and sports betting. Scientific Games offers the gaming industry's broadest and most integrated portfolio of game content, advanced systems, cutting-edge platforms and professional services. Committed to responsible gaming, Scientific Games delivers what customers and players value most: trusted security, engaging entertainment content, operating efficiencies and innovative technology.
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This story originally appeared on Fintel.
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