Stifel has revised its price target for International Game Technology (IGT), reducing it to $22 from the previous $26 while maintaining a Buy rating on the stock. The adjustment follows an analysis indicating steady performances in regional gaming revenue, lottery sales, and slot machine shipments.
In other forecasts, Stifel anticipates a positive earnings outcome for PlayAGS (AGS, Financial) in the first quarter, while predicting underperformance for both Light & Wonder (LNW) and Everi Holdings (EVRI). Meanwhile, results for International Game Technology (IGT) are expected to align with the firm’s projections.
According to the firm's updates, the leisure gaming tech sector faces moderate cost inflation challenges, along with uncertainties affecting replacement activities. These factors have been taken into consideration in the latest estimates.
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.
