LNW trades 109.2% below Wall Street's consensus target of $205.00.
Last 12 months price action with 12-month analyst target path
The base valuation assumes LNW achieves its forward estimates and maintains a stable P/E multiple of 15.9x. This scenario reflects the blended consensus of 13 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of June 22, 2026, Light & Wonder, Inc. (LNW) has a Wall Street consensus price target of $205.00, based on estimates from 13 covering analysts. With the stock currently trading at $97.97, this represents a potential upside of +109.2%. The company has a market capitalization of $8.13B.
Analyst price targets range from a low of $190.00 to a high of $220.00, representing a 15% spread in expectations. The median target of $205.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 5 analysts rating the stock as a Buy or Strong Buy,6 rating it Hold, and 2 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, LNW trades at a trailing P/E of 26.6x and forward P/E of 15.9x. Analysts expect EPS to grow +31.4% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $148.82, with bear and bull scenarios of $93.76 and $196.08 respectively. Model confidence stands at 52/100, reflecting moderate uncertainty in projections.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
ACELAccel Entertainment, Inc. | $1.1B | $12.96 | $17.00 | +31.2% | Buy | 18.2x | 6 |
DKNGDraftKings Inc. | $13.1B | $26.39 | $35.75 | +35.5% | Buy | 111.8x | 48 |
RSIRush Street Interactive, Inc. | $3.1B | $29.09 | $30.40 | +4.5% | Buy | 48.4x | 13 |
PENNPENN Entertainment, Inc. | $2.8B | $21.30 | $20.57 | -3.4% | Buy | 28.3x | 47 |
GENIGenius Sports Limited | $1.6B | $6.10 | $9.40 | +54.1% | Buy | — | 19 |
MGMMGM Resorts International | $12.0B | $46.84 | $43.22 | -7.7% | Buy | 27.5x | 37 |
CZRCaesars Entertainment, Inc. | $6.0B | $29.22 | $30.88 | +5.7% | Hold | — | 31 |
WYNNWynn Resorts, Limited | $11.0B | $105.53 | $138.38 | +31.1% | Buy | 22.6x | 45 |
BYDBoyd Gaming Corporation | $6.4B | $84.68 | $95.00 | +12.2% | Buy | 11.9x | 38 |
RRRRed Rock Resorts, Inc. | $3.6B | $61.33 | $70.78 | +15.4% | Buy | 21.2x | 30 |
Quick answers to the most common questions about buying LNW stock.
The consensus Wall Street price target for LNW is $205, representing 109.2% upside from the current price of $97.97. With 13 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
LNW has a consensus rating of "Hold" based on 13 Wall Street analysts. The rating breakdown is mixed, with 6 Hold ratings making up the largest segment. The consensus 12-month price target of $205 implies 109.2% upside from current levels.
With a forward P/E of 15.8893x, LNW trades at a relatively low valuation. The consensus target of $205 implies 109.2% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $220 for LNW, while the most conservative target is $190. The consensus of $205 represents the median expectation. Our quantitative valuation model projects a bull case target of $196 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
LNW is moderately covered, with 13 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 5 have Buy ratings, 6 recommend Hold, and 2 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month LNW stock forecast based on 13 Wall Street analysts shows a consensus price target of $205, with estimates ranging from $190 (bear case) to $220 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $149, with bear/bull scenarios of $94/$196.
Our quantitative valuation model calculates LNW's fair value at $149 (base case), with a bear case of $94 and bull case of $196. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 52/100.
LNW trades at a forward P/E ratio of 15.9x based on next-twelve-months earnings estimates compared to a trailing P/E of 26.6x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are very optimistic on LNW, with a "Hold" consensus rating and $205 price target (109.2% upside). 5 of 13 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
LNW analyst price targets range from $190 to $220, a 15% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $205 consensus represents the middle ground. Our model's $94-$196 range provides an independent fundamental perspective.
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