Light & Wonder: Strategic Moves and Operational Efficiency Justify Buy Rating Despite Revenue Miss

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2025.11.07 15:06
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Analyst Tom Forte of Maxim Group has maintained a Buy rating on Light & Wonder with a price target of $144.00, despite a revenue miss in Q3 2025. The company's strong adjusted EBITDA, gross margin expansion, and improved cash position indicate operational efficiency. Strategic moves, including listing solely on the Australian Securities Exchange and a better net leverage ratio, support the positive outlook. The stock is trading at a discount compared to peers, making it an attractive investment opportunity. Forte has a 6.5% average return and a 42.65% success rate on his recommendations.