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 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.
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 |
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
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
Revenue From 2021
Revenue From 2022
Revenue From 2023
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.
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.
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.
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.
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.
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.