Benchmark Boosts Light & Wonder (NASDAQ:LNW) Price Target to $130.00

Light & Wonder (NASDAQ:LNW) had its price objective increased by equities researchers at Benchmark from $114.00 to $130.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s price target indicates a potential upside of 17.47% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Macquarie boosted their price objective on shares of Light & Wonder from $122.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday. Mizuho lifted their target price on Light & Wonder from $76.00 to $80.00 and gave the stock an “underperform” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their price target on Light & Wonder from $103.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday. Jefferies Financial Group upped their price objective on shares of Light & Wonder from $120.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Finally, Citigroup upgraded shares of Light & Wonder from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 19th. One 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 company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $110.83.

Light & Wonder Trading Up 0.0 %

Shares of Light & Wonder stock traded up $0.02 during mid-day trading on Friday, hitting $110.67. 190,920 shares of the stock were exchanged, compared to its average volume of 720,730. Light & Wonder has a twelve month low of $84.00 and a twelve month high of $115.00. The company has a 50-day simple moving average of $91.03 and a 200 day simple moving average of $96.18. The stock has a market capitalization 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 current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 4.49.

Institutional Investors Weigh In On Light & Wonder

Institutional investors have recently made changes to their positions in the stock. True Wealth Design LLC bought a new stake in Light & Wonder during the 3rd quarter worth $28,000. Capital Performance Advisors LLP bought a new stake in Light & Wonder in the third quarter valued at $29,000. R Squared Ltd bought a new position in Light & Wonder in the fourth quarter worth approximately $35,000. Quarry LP acquired a new position in Light & Wonder during the third quarter worth $51,000. Finally, Blue Trust Inc. increased its holdings 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 purchasing an additional 474 shares in the last quarter. 88.08% of the stock is currently owned by institutional investors.

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.