Macquarie analyst Chad Beynon maintains $Light & Wonder (LNW.US)$ with a buy rating.
According to TipRanks data, the analyst has a success rate of 55.1% and a total average return of 6.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Light & Wonder (LNW.US)$'s main analysts recently are as follows:
The injunction by the U.S. District Court of Nevada to halt the use of trade secrets concerning certain game titles has indicated that there is a 'fair chance of success' in the ongoing suit, and it is expected to remain until the conclusion of the litigation. Despite the significant share price reaction following the 'Dragon Train' injunction, it is believed that the current valuation substantially outweighs the associated risks.
The company, Light & Wonder, is facing a legal challenge which has led to a U.S. District Court's preliminary injunction that halts the global commercialization of Dragon Train. This injunction may affect as much as $70M in annual adjusted EBITDA. Despite an attractive valuation for Light & Wonder, the absence of immediate catalysts and the ongoing uncertainty surrounding the legal situation are noteworthy.
A recent court ruling has granted a preliminary injunction against Light & Wonder, restricting further sales and leasing of the Dragon Train franchise until a final decision is made. This development contrasts with the prior consensus that anticipated a more favorable outcome for Light & Wonder. However, revelations from legal documents point to court findings that could slightly tip the scales in favor of the opposing party.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
