Light & Wonder’s price target has been adjusted lower, with the Fair Value Estimate decreasing modestly from $108.36 to $106.55. This move comes in response to a more cautious outlook and a slight uptick in the company’s discount rate, indicating that investors are weighing increased risk in the current environment. Stay tuned to learn how these changes reflect shifting analyst sentiment and what to watch for as the narrative around Light & Wonder evolves.

Recent analyst commentary on Light & Wonder reflects a shifting perspective within the investment community, as firms reassess both the company’s growth outlook and underlying risks.

🐂 Bullish Takeaways

Despite the revised outlook, guidance for fiscal 2025 EBITDA remains strong. The company projects $1.43 billion to $1.47 billion, which demonstrates management’s confidence in Light & Wonder’s ability to maintain robust operational performance as market conditions evolve.

The inclusion of Grover in the EBITDA guidance provides increased transparency and allows investors to more effectively assess the company’s growth drivers and execution strategy.

🐻 Bearish Takeaways

On August 7, 2025, JPMorgan analyst Don Carducci downgraded Light & Wonder to Neutral from Overweight and lowered the price target to $95 from $108. He cited challenges in the company’s ability to achieve its original $1.4 billion EBITDA target from its core business.

Carducci notes that Light & Wonder’s free cash flow outcomes and leverage may present ongoing challenges. This indicates that investors should be cautious about the company’s ability to deliver on long-term value creation goals under current financial dynamics.

Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Head to the Simply Wall St Community to discover more perspectives or begin writing your own Narrative!

Light & Wonder, Inc. has announced plans to delist its common stock from Nasdaq and move to a sole primary listing on the Australian Securities Exchange. The delisting is expected to be completed before November 13, 2025.

The company expanded its equity buyback plan and increased its total buyback authorization to $1.5 billion as of July 31, 2025.

Between April and June 2025, Light & Wonder repurchased 1.2 million shares for a total of $100 million, bringing overall buybacks to 6.06 million shares valued at $553 million since June 2024.

Light & Wonder remains engaged in ongoing litigation with Aristocrat. A Nevada Court recently granted discovery of certain game title math models, and the fact discovery phase is expected to close in December 2025.

The Fair Value Estimate has decreased modestly from $108.36 to $106.55, reflecting a more cautious outlook.

The Discount Rate has risen slightly, moving from 10.33% to 10.57%, which suggests a higher perceived risk profile.

Revenue Growth Projections are essentially unchanged, increasing slightly from 7.83% to 7.84%.

The Net Profit Margin is slightly higher, increasing from 17.44% to 17.52%.

The Future P/E Multiple remains essentially stable, declining marginally from 14.78x to 14.77x.

Narratives are a smarter, more dynamic way to make investment decisions. They connect a company’s story with real financial numbers, such as estimated revenue, margins, and fair value, providing the “why” behind each price target. Narratives are easy to follow on Simply Wall St's Community page and help millions of investors compare current price to Fair Value when making decisions. As new information and earnings are reported, Narratives are automatically updated so you’re never caught off guard.

Head over to the original Narrative on Light & Wonder to keep up with:

Key drivers such as expansion into new gaming markets and digital transformation that could influence future growth.

The latest analyst forecasts on revenue, margins, and share buybacks, and how those might shape Long-Term Value.

Major risks to monitor, including regulatory changes, competition, and evolving industry trends that could affect fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include LNW .

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

Light & Wonder’s price target has been adjusted lower, with the Fair Value Estimate decreasing modestly from $108.36 to $106.55. This move comes in response to a more cautious outlook and a slight uptick in the company’s discount rate, indicating that investors are weighing increased risk in the current environment. Stay tuned to learn how these changes reflect shifting analyst sentiment and what to watch for as the narrative around Light & Wonder evolves.

Recent analyst commentary on Light & Wonder reflects a shifting perspective within the investment community, as firms reassess both the company’s growth outlook and underlying risks.

🐂 Bullish Takeaways

Despite the revised outlook, guidance for fiscal 2025 EBITDA remains strong. The company projects $1.43 billion to $1.47 billion, which demonstrates management’s confidence in Light & Wonder’s ability to maintain robust operational performance as market conditions evolve.

The inclusion of Grover in the EBITDA guidance provides increased transparency and allows investors to more effectively assess the company’s growth drivers and execution strategy.

🐻 Bearish Takeaways

On August 7, 2025, JPMorgan analyst Don Carducci downgraded Light & Wonder to Neutral from Overweight and lowered the price target to $95 from $108. He cited challenges in the company’s ability to achieve its original $1.4 billion EBITDA target from its core business.

Carducci notes that Light & Wonder’s free cash flow outcomes and leverage may present ongoing challenges. This indicates that investors should be cautious about the company’s ability to deliver on long-term value creation goals under current financial dynamics.

Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Head to the Simply Wall St Community to discover more perspectives or begin writing your own Narrative!

Light & Wonder, Inc. has announced plans to delist its common stock from Nasdaq and move to a sole primary listing on the Australian Securities Exchange. The delisting is expected to be completed before November 13, 2025.

The company expanded its equity buyback plan and increased its total buyback authorization to $1.5 billion as of July 31, 2025.

Between April and June 2025, Light & Wonder repurchased 1.2 million shares for a total of $100 million, bringing overall buybacks to 6.06 million shares valued at $553 million since June 2024.

Light & Wonder remains engaged in ongoing litigation with Aristocrat. A Nevada Court recently granted discovery of certain game title math models, and the fact discovery phase is expected to close in December 2025.

The Fair Value Estimate has decreased modestly from $108.36 to $106.55, reflecting a more cautious outlook.

The Discount Rate has risen slightly, moving from 10.33% to 10.57%, which suggests a higher perceived risk profile.

Revenue Growth Projections are essentially unchanged, increasing slightly from 7.83% to 7.84%.

The Net Profit Margin is slightly higher, increasing from 17.44% to 17.52%.

The Future P/E Multiple remains essentially stable, declining marginally from 14.78x to 14.77x.

Narratives are a smarter, more dynamic way to make investment decisions. They connect a company’s story with real financial numbers, such as estimated revenue, margins, and fair value, providing the “why” behind each price target. Narratives are easy to follow on Simply Wall St's Community page and help millions of investors compare current price to Fair Value when making decisions. As new information and earnings are reported, Narratives are automatically updated so you’re never caught off guard.

Head over to the original Narrative on Light & Wonder to keep up with:

Key drivers such as expansion into new gaming markets and digital transformation that could influence future growth.

The latest analyst forecasts on revenue, margins, and share buybacks, and how those might shape Long-Term Value.

Major risks to monitor, including regulatory changes, competition, and evolving industry trends that could affect fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include LNW .

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

The Fair Value Estimate has decreased modestly from $108.36 to $106.55, reflecting a more cautious outlook.

The Discount Rate has risen slightly, moving from 10.33% to 10.57%, which suggests a higher perceived risk profile.

Revenue Growth Projections are essentially unchanged, increasing slightly from 7.83% to 7.84%.

The Net Profit Margin is slightly higher, increasing from 17.44% to 17.52%.

The Future P/E Multiple remains essentially stable, declining marginally from 14.78x to 14.77x.

Narratives are a smarter, more dynamic way to make investment decisions. They connect a company’s story with real financial numbers, such as estimated revenue, margins, and fair value, providing the “why” behind each price target. Narratives are easy to follow on Simply Wall St's Community page and help millions of investors compare current price to Fair Value when making decisions. As new information and earnings are reported, Narratives are automatically updated so you’re never caught off guard.

Head over to the original Narrative on Light & Wonder to keep up with:

Key drivers such as expansion into new gaming markets and digital transformation that could influence future growth.

The latest analyst forecasts on revenue, margins, and share buybacks, and how those might shape Long-Term Value.

Major risks to monitor, including regulatory changes, competition, and evolving industry trends that could affect fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include LNW .

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com