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International Game Technology PLC (IGT) Stock Forecast & Price Prediction

Live IGT Stock Price & Analysis

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$16.72

+0.09 (0.54%)

12 Month Price Forecast For IGT

$16.72
Current Price
$3.36B
Market Cap
7 Ratings
Buy 3
Hold 4
Sell 0
Wall St Analyst Ratings

Distance to IGT Price Forecasts

+109.3%
To High Target of $35.00
+49.5%
To Median Target of $25.00
+19.6%
To Low Target of $20.00

IGT Price Momentum

-1.1%
1 Week Change
-3.9%
1 Month Change
-37.4%
1 Year Change
-5.3%
Year-to-Date Change
-38.7%
From 52W High of $27.27
+1.8%
From 52W Low of $16.42

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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. 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.

Data last updated: February 11, 2025 9:13 AM UTC

IGT Analyst Ratings & Price Targets

Based on our analysis of 9 Wall Street analysts, IGT has a neutral consensus with a median price target of $25.00 (ranging from $20.00 to $35.00). Currently trading at $16.72, the median forecast implies a 49.5% upside. This outlook is supported by 3 Buy, 4 Hold, and 0 Sell ratings.

The most optimistic forecast comes from Jeffrey Stantial at Stifel, projecting a 109.3% upside. Conversely, the most conservative target is provided by Barry Jonas at Truist Securities, suggesting a 19.6% upside.

Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.

IGT Analyst Consensus

3
Buy
4
Hold
0
Sell

IGT Price Target Range

Low
$20.00
Average
$25.00
High
$35.00
Current: $16.72

Latest IGT Stock Forecasts by Analyst

These are the latest 20 analyst ratings and price targets for IGT.

Date Firm Analyst Rating Change Price Target
Jan 14, 2025 Truist Securities Barry Jonas Hold Maintains $20.00
Jul 31, 2024 Stifel Jeffrey Stantial Buy Maintains $30.00
Jul 26, 2024 B. Riley Securities David Bain Buy Maintains $30.00
May 30, 2024 Stifel Jeffrey Stantial Buy Upgrade $26.00
May 16, 2024 Susquehanna Joseph Stauff Positive Maintains $33.00
May 15, 2024 Stifel Jeffrey Stantial Hold Maintains $24.00
May 15, 2024 Truist Securities Barry Jonas Hold Maintains $23.00
Apr 23, 2024 Truist Securities Barry Jonas Hold Maintains $26.00
Apr 5, 2024 B. Riley Securities David Bain Buy Reinstates $30.00
Mar 13, 2024 Truist Securities Barry Jonas Hold Maintains $28.00
Mar 13, 2024 Argus Research John Staszak Buy Maintains $27.00
Mar 13, 2024 Stifel Jeffrey Stantial Hold Reiterates $26.00
Mar 4, 2024 Stifel Jeffrey Stantial Hold Downgrade $30.00
Mar 1, 2024 Truist Securities Barry Jonas Hold Downgrade $30.00
Jan 4, 2024 Jefferies David Katz Hold Downgrade $29.00
Nov 2, 2023 Susquehanna Joseph Stauff Positive Maintains $48.00
Nov 1, 2023 Stifel Jeffrey Stantial Buy Maintains $35.00
Nov 1, 2023 Truist Securities Barry Jonas Buy Maintains $35.00
Oct 19, 2023 Susquehanna Joseph Stauff Positive Maintains $50.00
Sep 15, 2023 Truist Securities Barry Jonas Buy Reiterates $37.00

Stocks Similar to International Game Technology PLC

The following stocks are similar to IGT based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

International Game Technology PLC (IGT) Financial Data

International Game Technology PLC has a market capitalization of $3.36B with a P/E ratio of 29.7x. The company generates $4.32B in trailing twelve-month revenue with a 3.1% profit margin.

Revenue growth is -2.5% quarter-over-quarter, while maintaining an operating margin of +25.1% and return on equity of +10.9%.

Valuation Metrics

Market Cap $3.36B
Enterprise Value $9.05B
P/E Ratio 29.7x
PEG Ratio 16.6x
Price/Sales 0.8x

Growth & Margins

Revenue Growth (YoY) -2.5%
Gross Margin +44.7%
Operating Margin +25.1%
Net Margin +3.1%
EPS Growth -92.6%

Financial Health

Cash/Price Ratio +14.8%
Current Ratio 2.4x
Debt/Equity 305.3x
ROE +10.9%
ROA +6.3%

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International Game Technology PLC logo

International Game Technology PLC (IGT) Company Overview

About International Game Technology PLC

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 and lottery systems, as well as providing various digital gaming platforms and services. Its offerings include point-of-sale machines for lottery transactions, gaming management systems for casinos, and a range of online gaming products, including sports betting technology.

Additional Information

Founded in 2014 and headquartered in London, International Game Technology PLC has a broad international presence, with operations in major markets like the U.S., Canada, and Europe. The company has evolved from its previous identity as GTECH S.p.A. and continues to innovate in the gaming technology sector.

Company Information

Sector

Consumer Cyclical

Industry

Gambling

Employees

10,956

CEO

Mr. Vincent L. Sadusky

Country

United Kingdom

IPO Year

1990

International Game Technology PLC (IGT) Latest News & Analysis

IGT stock latest news image
Quick Summary

UberStrategist and PressEngine have partnered with IGDA to launch the Indie Media Connect showcase on March 18, 2025, in Cary, NC, promoting networking in the indie gaming sector.

Why It Matters

The partnership and upcoming showcase highlight growth in the indie gaming sector, potentially driving interest and investment in related companies and technologies.

Source: GlobeNewsWire
Market Sentiment: Neutral
IGT stock latest news image
Quick Summary

International Game Technology PLC (IGT) improved its S&P Corporate Sustainability Assessment score to 62, an eight-point increase, marking five consecutive years of progress in ESG performance.

Why It Matters

IGT's improved ESG score enhances its reputation and may attract socially-conscious investors, potentially impacting stock performance and market perception positively.

Source: PRNewsWire
Market Sentiment: Neutral
IGT stock latest news image
Quick Summary

IGT will hold a conference call on February 25, 2025, at 8:00 a.m. to discuss its Q4 and full year 2024 results, covering the period ended December 31, 2024.

Why It Matters

IGT's upcoming conference call on February 25 will reveal Q4 and full-year 2024 financial results, impacting stock performance and investor sentiment based on growth or decline trends.

Source: PRNewsWire
Market Sentiment: Neutral
IGT stock latest news image
Quick Summary

IGT signed a 10-year contract with Luxembourg's Loterie Nationale to implement its OMNIAโ„ข solution, enhancing their gaming systems and introducing new iLottery and RGS technology.

Why It Matters

The 10-year contract with Luxembourg's national lottery enhances IGT's revenue stability, showcases its technology capabilities, and positions the company for growth in the gaming sector.

Source: PRNewsWire
Market Sentiment: Neutral
IGT stock latest news image
Quick Summary

IGT has secured a seven-year contract with LOTTO Thรผringen to implement its Auroraโ„ข retail system technology and software upgrades, starting March 2026.

Why It Matters

The contract with LOTTO Thรผringen signals growth potential for IGT, enhancing its revenue streams and market presence in the lottery sector, which could positively influence stock performance.

Source: PRNewsWire
Market Sentiment: Neutral
IGT stock latest news image
Quick Summary

International Game Technology PLC (NYSE: IGT) won "Lottery Product of the Year" for the third consecutive year and "Best Diversity and Inclusion Employer" for the fourth consecutive year at recent award ceremonies.

Why It Matters

IGT's consecutive award wins enhance its brand reputation and market position, potentially driving customer loyalty and increasing sales, which can positively impact stock performance.

Source: PRNewsWire
Market Sentiment: Neutral

Frequently Asked Questions About IGT Stock

What is International Game Technology PLC's (IGT) stock forecast for 2025?

Based on our analysis of 9 Wall Street analysts, International Game Technology PLC (IGT) has a median price target of $25.00. The highest price target is $35.00 and the lowest is $20.00.

Is IGT stock a good investment in 2025?

According to current analyst ratings, IGT has 3 Buy ratings, 4 Hold ratings, and 0 Sell ratings. The stock is currently trading at $16.72. Always conduct your own research and consider your investment goals before making investment decisions.

What is the price prediction for IGT stock?

Wall Street analysts predict IGT stock could reach $25.00 in the next 12 months. This represents a 49.5% increase from the current price of $16.72. Please note that this is a projection by Wall Street analysts and not a guarantee.

What is International Game Technology PLC's business model?

The company operates through three segments: Global Lottery, Global Gaming, and PlayDigital. It generates revenue by designing, selling, and leasing gaming and lottery systems, as well as providing various digital gaming platforms and services. Its offerings include point-of-sale machines for lottery transactions, gaming management systems for casinos, and a range of online gaming products, including sports betting technology.

What is the highest forecasted price for IGT International Game Technology PLC?

The highest price target for IGT is $35.00 from Jeffrey Stantial at Stifel, which represents a 109.3% increase from the current price of $16.72.

What is the lowest forecasted price for IGT International Game Technology PLC?

The lowest price target for IGT is $20.00 from Barry Jonas at Truist Securities, which represents a 19.6% increase from the current price of $16.72.

What is the overall IGT consensus from analysts for International Game Technology PLC?

The overall analyst consensus for IGT is neutral. Out of 9 Wall Street analysts, 3 rate it as Buy, 4 as Hold, and 0 as Sell, with a median price target of $25.00.

How accurate are IGT stock price projections?

Stock price projections, including those for International Game Technology PLC, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.