International Game Technology PLC

International Game Technology PLC Stock Forecast & Price Prediction

Live International Game Technology PLC Stock (IGT) Price
$20.90

6

Ratings

  • Buy 4
  • Hold 2
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$20.90

P/E Ratio

20.17

Volume Traded Today

$848,800

Dividend

$0.2

52 Week High/low

28.82/18.90

International Game Technology PLC Market Cap

$4.23B

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IGT Summary

Based on ratings from 6 stock analysts, the International Game Technology PLC stock price is expected to increase by 32.25% in 12 months. This is calculated by using the average 12-month stock price forecast for International Game Technology PLC. The lowest target is $23 and the highest is $35. Please note analyst price targets are not guaranteed and could be missed completely.

IGT Analyst Ratings

IGT is a stock in Consumer Cyclical which has been forecasted to be worth $27.64 as an average. On the higher end, the forecast price is $35 USD by Carlo Santarelli from Deutsche Bank and on the lower end IGT is forecasted to be $23 by from Stifel.

IGT stock forecast by analyst

These are the latest 20 analyst ratings of IGT.

Analyst/Firm

Rating

Price Target

Change

Date

Jeffrey Stantial
Stifel

Buy

$30

Maintains

Jul 31, 2024
David Bain
B. Riley Securities

Buy

$30

Maintains

Jul 26, 2024
Jeffrey Stantial
Stifel

Buy

$26

Upgrade

May 30, 2024
Joseph Stauff
Susquehanna

Positive

$33

Maintains

May 16, 2024
Jeffrey Stantial
Stifel

Hold

$24

Maintains

May 15, 2024
Barry Jonas
Truist Securities

Hold

$23

Maintains

May 15, 2024
Barry Jonas
Truist Securities

Hold

$26

Maintains

Apr 23, 2024
David Bain
B. Riley Securities

Buy

$30

Reinstates

Apr 5, 2024
Jeffrey Stantial
Stifel

Hold

$26

Reiterates

Mar 13, 2024
John Staszak
Argus Research

Buy

$27

Maintains

Mar 13, 2024
Barry Jonas
Truist Securities

Hold

$28

Maintains

Mar 13, 2024
Jeffrey Stantial
Stifel

Hold

$30

Downgrade

Mar 4, 2024
Barry Jonas
Truist Securities

Hold

$30

Downgrade

Mar 1, 2024
David Katz
Jefferies

Hold

$29

Downgrade

Jan 4, 2024
Joseph Stauff
Susquehanna

Positive

$48

Maintains

Nov 2, 2023
Barry Jonas
Truist Securities

Buy

$35

Maintains

Nov 1, 2023
Jeffrey Stantial
Stifel

Buy

$35

Maintains

Nov 1, 2023
Joseph Stauff
Susquehanna

Positive

$50

Maintains

Oct 19, 2023
Barry Jonas
Truist Securities

Buy

$37

Reiterates

Sep 15, 2023

Truist Securities

Buy


Maintains

Aug 2, 2023

IGT Company Information

What They Do: Provides gaming technology products and services.

Business Model: The company operates through three segments: Global Lottery, Global Gaming, and PlayDigital. It generates revenue by designing, selling, and leasing gaming technology products such as point-of-sale machines, online lottery systems, gaming management systems, and digital gaming products. Additionally, it offers services like ticket printing, iLottery solutions, and sports betting technology.

Other Information: International Game Technology PLC, formerly known as GTECH S.p.A., is headquartered in London and operates internationally. It has a diverse product offering, including both physical and digital gaming solutions, catering to various markets in the gaming and lottery sectors. The company is a subsidiary of De Agostini S.p.A., which provides it with additional support and resources.
IGT
International Game Technology PLC (IGT)

When did it IPO

1990

Staff Count

10,956

Country

United Kingdom

Sector/Industry

Consumer Cyclical/Gambling

CEO

Mr. Vincent L. Sadusky

Market Cap

$4.23B

International Game Technology PLC (IGT) Financial Data

In 2023, IGT generated $4.31B in revenue, which was a increase of 2.01% from the previous year. This can be seen as a signal that IGT's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$3.12B

Revenue From 2021

$4.09B

31.23 %
From Previous Year

Revenue From 2022

$4.23B

3.33 %
From Previous Year

Revenue From 2023

$4.31B

2.01 %
From Previous Year
  • Revenue TTM $4.31B
  • Operating Margin TTM 24.5%
  • Gross profit TTM $2.11B
  • Return on assets TTM 6.5%
  • Return on equity TTM 16.1%
  • Profit Margin 5.2%
  • Book Value Per Share 7.44%
  • Market capitalisation $4.23B
  • Revenue for 2021 $4.09B
  • Revenue for 2022 $4.23B
  • Revenue for 2023 $4.31B
  • EPS this year (TTM) $1.04

International Game Technology PLC (IGT) Latest News

News Image

Tue, 12 Nov 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - International Game Technology PLC (NYSE: IGT) held its Q3 2024 earnings call on November 12, 2024, with key participants including CEO Vince Sadusky and CFO Max Chiara.

Why It Matters - IGT's Q3 earnings call reveals financial performance insights, impacting stock valuations, market sentiment, and investment strategies within the gaming sector.

News Image

Tue, 12 Nov 2024

Sentiment - NEUTRAL

Source - PRNewsWire

Summary - IGT reported Q3'24 revenue of $587M, with operating income of $110M after a $38M restructuring charge. Adjusted EBITDA was $264M, reflecting a 44.9% margin. Year-to-date cash from operations reached $724M.

Why It Matters - The Q3'24 results show strong revenue growth and profitability for IGT's lottery business, indicating operational efficiency and robust cash flow, which can boost investor confidence and stock value.

News Image

Mon, 11 Nov 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - A new report titled "Top International Gambling Provider Companies Comparison" has been released by ResearchAndMarkets.com, providing insights into leading companies in the gambling sector.

Why It Matters - The report provides insights into leading gambling companies, influencing investment decisions and market strategies in the growing global gambling sector.

News Image

Tue, 22 Oct 2024

Sentiment - NEUTRAL

Source - PRNewsWire

Summary - IGT has secured a three-year contract with La Franรงaise des Jeux to provide instant ticket games, enhancing their longstanding partnership focused on sustainability.

Why It Matters - The contract with FDJ enhances IGT's revenue potential and market presence in the lottery sector, signaling growth opportunities and strengthening investor confidence.

News Image

Tue, 15 Oct 2024

Sentiment - NEUTRAL

Source - PRNewsWire

Summary - IGT will hold a conference call on November 12, 2024, at 8:00 a.m. to discuss its Q3 2024 results, covering the period ended September 30, 2024.

Why It Matters - IGT's upcoming conference call on Q3 2024 results may reveal financial performance insights, impacting stock valuation and investor sentiment.

News Image

Tue, 15 Oct 2024

Sentiment - NEUTRAL

Source - PRNewsWire

Summary - IGT will showcase its advanced lottery solutions at the World Lottery Summit in Paris from Oct. 21-24, highlighting new games and digital products to enhance player engagement.

Why It Matters - IGT's showcase at WLS 2024 highlights its commitment to innovation in lottery products, potentially driving sales growth and enhancing competitive positioning in the market.

...

IGT Frequently asked questions

The highest forecasted price for IGT is $35 from Carlo Santarelli at Deutsche Bank.

The lowest forecasted price for IGT is $23 from from Stifel

The IGT analyst ratings consensus are 4 buy ratings, 2 hold ratings, and 0 sell ratings.