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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.