Truist analyst Barry Jonas has adjusted the price target for International Game Technology (IGT, Financial), reducing it from $20 to $18. Despite retaining a Hold rating on the stock, the firm cites concerns surrounding tariff uncertainty as a key factor influencing this decision. This uncertainty has led to a broader re-rating of their coverage, indicating decreased confidence in current estimates.
However, Truist remains optimistic about the gaming sector's overall positioning. They view gaming as one of the more resilient sub-sectors within a consumer landscape that may be facing mixed conditions. The firm underscores gaming's potential despite the challenges posed by external economic factors such as tariffs.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for International Game Technology PLC (IGT, Financial) is $22.40 with a high estimate of $30.00 and a low estimate of $18.00. The average target implies an upside of 35.68% from the current price of $16.51. More detailed estimate data can be found on the International Game Technology PLC (IGT) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, International Game Technology PLC's (IGT, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" 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 International Game Technology PLC (IGT, Financial) in one year is $15.94, suggesting a downside of 3.45% from the current price of $16.51. 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 International Game Technology PLC (IGT) Summary page.
