Analyst Tom Forte of Maxim Group maintained a Buy rating on Light & Wonder, with a price target of $144.00.
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Tom Forte has given his Buy rating due to a combination of factors influencing Light & Wonder’s financial performance and strategic direction. Despite a revenue miss in the third quarter of 2025, primarily due to the timing of international orders, the company reported an impressive adjusted EBITDA that exceeded expectations. This indicates strong operational efficiency and effective cost management, which are positive indicators for future profitability.
Additionally, Light & Wonder’s gross margin expansion and improved cash position further support the Buy rating. The company’s strategic move to list solely on the Australian Securities Exchange and its improved net leverage ratio are also seen as positive developments. The stock is currently trading at a discount compared to its peers, providing an attractive valuation opportunity. These factors, combined with a maintained 2025 guidance and a favorable long-term outlook, underpin Forte’s confidence in the company’s growth potential and justify the Buy rating with a $144 price target.
Forte covers the Consumer Cyclical sector, focusing on stocks such as Fossil Group, Jakks Pacific, and Bed Bath & Beyond. According to TipRanks, Forte has an average return of 6.5% and a 42.65% success rate on recommended stocks.