Analyst Hamed Khorsand of BWS Financial maintained a Buy rating on Inspired Entertainment, retaining the price target of $20.00.
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Hamed Khorsand has given his Buy rating due to a combination of factors that highlight Inspired Entertainment’s promising growth trajectory. The company is expanding its interactive gaming and virtual sports offerings, which aligns with forecasts and suggests a significant increase in adjusted EBITDA in the near future. This expansion is a key driver for the company’s potential transformation in business and earnings capabilities.
Moreover, Inspired Entertainment reported first-quarter revenue that surpassed expectations, coming in at $80.3 million compared to the projected $76.7 million. This outperformance, particularly in the interactive segment, indicates robust growth that many investors may not fully appreciate yet. These elements collectively underpin Khorsand’s positive outlook and Buy rating for the stock.