International Game Technology (IGT) has received a reiterated “buy” rating from stock analysts at Truist Financial. The analysts have also set a price target of $37.00 for the stock, suggesting a potential upside of 12.77% from the stock’s previous close.
This is not the first time IGT has received positive ratings from analysts. Susquehanna previously lifted their price target on the stock to $54.00, giving it a “positive” rating. Stifel Nicolaus also raised their target price to $38.00. Overall, six equities research analysts have given IGT a buy rating, making it an attractive investment option.
IGT is a global gaming technology company that operates in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. The company offers a range of gaming products and services, including lottery systems, instant ticket games, and digital and betting solutions.
IGT’s stock performance has been strong, with a 52-week high of $33.99. The company reported solid earnings results for the quarter, surpassing analyst expectations. As a result, sell-side analysts predict that IGT will post a strong earnings per share for the current fiscal year.
The stock is also attracting attention from institutional investors. Comerica Bank and VisionPoint Advisory Group are among the institutional investors that have recently acquired stakes in IGT. These investments indicate confidence in the company’s growth potential.
Overall, the reiterated “buy” rating and positive price target for IGT’s stock suggest that it is a promising investment opportunity for those considering entering the stock market.
- Truist Financial
- Stifel Nicolaus