Hamed Khorsand, an analyst from BWS Financial, maintained the Buy rating on Inspired Entertainment. The associated price target is $20.00.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Hamed Khorsand has given his Buy rating due to a combination of factors including Inspired Entertainment’s impressive revenue growth and strategic positioning in the market. The company has demonstrated a significant 48 percent increase in revenue, primarily driven by the success of its interactive games, indicating strong demand and potential for further growth.
Moreover, Inspired Entertainment is considering strategic acquisitions to meet the increasing demand for its games, which could enhance its development capabilities. Despite the sale of its holiday parks business, the company has improved its free cash flow retention, positioning itself for sustainable financial health and growth. These factors collectively contribute to Khorsand’s positive outlook and Buy rating for the stock.
In another report released on November 6, Truist Financial also reiterated a Buy rating on the stock with a $12.00 price target.