In a recent analysis, Stifel's Jeffrey Stantial adjusted the firm's price target for Light & Wonder, Inc. (LNW), decreasing it from $93 to $84 while maintaining a Hold rating on the stock. The decision follows an evaluation of the gaming sector, indicating stability in regional gross gaming revenue, lottery sales, and slot machine shipments.
Stantial's forecast for upcoming earnings shows a mixed outlook within the leisure gaming tech group. He anticipates that PlayAGS (AGS, Financial) is poised to exceed Q1 earnings expectations, while Light & Wonder (LNW) and Everi Holdings (EVRI) are expected to come in below forecasts. Meanwhile, International Game Technology (IGT) is projected to meet the anticipated results.
The adjustment in price targets and forecasts considers modest cost inflation and potential hesitancy in replacement spending, influencing the evaluation of stocks in the gaming technology sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for PlayAGS Inc (AGS, Financial) is $12.50 with a high estimate of $12.50 and a low estimate of $12.50. The average target implies an upside of 3.65% from the current price of $12.06. More detailed estimate data can be found on the PlayAGS Inc (AGS) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, PlayAGS Inc's (AGS, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for PlayAGS Inc (AGS, Financial) in one year is $8.84, suggesting a downside of 26.7% from the current price of $12.06. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the PlayAGS Inc (AGS) Summary page.
