Shares of Light & Wonder (LNW) are soaring 5.08% in pre-market trading on Monday, as investors react positively to recent analyst reports and price target adjustments. The gaming technology company is seeing renewed interest following a series of analyst actions that highlight its potential for growth.

Jefferies has reaffirmed its bullish stance on Light & Wonder, maintaining a Buy rating with a price target of $113. This optimistic outlook is further supported by the broader analyst consensus, which, according to FactSet, gives LNW an average rating of overweight and a mean price target of $114. These figures suggest significant upside potential from the stock's current trading levels.

While Deutsche Bank has slightly adjusted its price target for Light & Wonder from $89 to $87, maintaining a Hold rating, the overall sentiment remains positive. The mix of ratings and high price targets from various analysts appears to be fueling investor confidence, driving the stock's pre-market surge. As the market opens, all eyes will be on Light & Wonder to see if it can maintain this momentum throughout the trading session.