Light & Wonder (LNW) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Light & Wonder in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LNW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LNW, but not buy additional shares or sell existing shares.
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9 Wall Street research analysts have issued twelve-month price targets for Light & Wonder's stock. Their LNW share price forecasts range from $46.00 to $104.00. On average, they predict the company's share price to reach $74.73 in the next year. This suggests a possible upside of 4.8% from the stock's current price.
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Light & Wonder's stock was trading at $58.60 at the beginning of 2023. Since then, LNW shares have increased by 21.7% and is now trading at $71.33.
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Light & Wonder saw a drop in short interest in the month of September. As of September 15th, there was short interest totaling 3,230,000 shares, a drop of 25.4% from the August 31st total of 4,330,000 shares. Based on an average trading volume of 627,600 shares, the days-to-cover ratio is currently 5.1 days. Approximately 3.6% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our LNW earnings forecast.

Light & Wonder, Inc. (NASDAQ:LNW) posted its quarterly earnings results on Tuesday, August, 8th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.69. The firm earned $731 million during the quarter, compared to analysts' expectations of $674.33 million. Light & Wonder had a net margin of 13.88% and a trailing twelve-month return on equity of 11.65%.

ETFs with the largest weight of Light & Wonder (NASDAQ:LNW) stock in their portfolio include iBET Sports Betting & Gaming ETF (IBET), Invesco Leisure and Entertainment ETF (PEJ), Roundhill Sports Betting & iGaming ETF (BETZ), VanEck Gaming ETF (BJK), B.A.D. Etf (BAD), Invesco S&P MidCap Quality ETF (XMHQ), Invesco S&P MidCap Value with Momentum ETF (XMVM) and Syntax Stratified MidCap ETF (SMDY).

Light & Wonder trades on the NASDAQ under the ticker symbol "LNW."

Shares of LNW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LNW stock can currently be purchased for approximately $71.33.

Light & Wonder (NASDAQ:LNW) has a market capitalization of $6.52 billion and generates $2.51 billion in revenue each year. The company earns $3.68 billion in net income (profit) each year or $3.96 on an earnings per share basis.

The company employs 6,100 workers across the globe.

Light & Wonder's mailing address is 6601 BERMUDA ROAD, LAS VEGAS NV, 89119. The official website for the company is www.scientificgames.com. The company can be reached via phone at (702) 897-7150, via email at ir@scientificgames.com, or via fax at 702-897-2284.