International Game Stock Target Price and Analyst Consensus

IGT Stock  USD 22.59  0.43  1.94%   
The current analyst and expert consensus on International Game is Buy with 5 hold recommendations. The current projected International Game target price consensus is 36.73 with 7 analyst opinions. One of the most common ways International Game analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to International Game vendors, executives, and/or customers. Note, the total number of analysts currently providing their opinion is not significant to determine adequate consensus on International Game. We strongly encourage you to use your own analysis of International Game to validate this buy or sell advice. International Game recommendation module provides expert sentiment on the projected International Game target price to derive its highest and lowest estimates based on target price standard deviation of 0.0. Check out Macroaxis Advice on International Game to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
Lowest Forecast
33.42
Highest Forecast
40.77
Target Price
36.73
Pretax Profit Margin is likely to gain to 0.15 in 2024, whereas Gross Profit is likely to drop slightly above 1.5 B in 2024. At this time, International Game's Long Term Debt is comparatively stable compared to the past year. Long Term Debt Total is likely to gain to about 5.9 B in 2024, whereas Other Current Liabilities is likely to drop slightly above 697.3 M in 2024.
  
It's important to approach International Game's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.

International Game Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. International target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. International Game's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   7  Buy
Most International analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand International stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of International Game, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

International Game Target Price Projection

International Game's current and average target prices are 22.59 and 36.73, respectively. The current price of International Game is the price at which International Game Technology is currently trading. On the other hand, International Game's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

International Game Market Quote on 29th of March 2024

Low Price22.01Odds
High Price22.87Odds

22.59

Target Price

Analyst Consensus On International Game Target Price

Low Estimate33.42Odds
High Estimate40.77Odds

36.73

Historical Lowest Forecast  33.42 Target Price  36.73 Highest Forecast  40.77
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on International Game Technology and the information provided on this page.

International Game Analyst Ratings

International Game's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about International Game stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of International Game's financials, market performance, and future outlook by experienced professionals. International Game's historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize International Game price targets

International Game's stock target price is an estimate of its future price, usually made by analysts. Using International Game's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at International Game's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if International Game's stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional International Game Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of International Game is a key component of International Game valuation and have some predictive power on the future returns of a International Game.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of International Game's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
19.9722.5925.21
Details
Intrinsic
Valuation
LowRealHigh
20.4923.1125.73
Details
Naive
Forecast
LowNextHigh
20.4623.0825.70
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.200.220.24
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as International Game. Your research has to be compared to or analyzed against International Game's peers to derive any actionable benefits. When done correctly, International Game's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in International Game.

Trending Themes

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Cleaning Idea
Cleaning
Invested over 100 shares
Warren Buffett Holdings Idea
Warren Buffett Holdings
Invested few shares
Macroaxis Index Idea
Macroaxis Index
Invested over 200 shares
Investor Favorites Idea
Investor Favorites
Invested over 40 shares
Business Services Idea
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Invested few shares
When determining whether International Game is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if International Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about International Game Technology Stock. Highlighted below are key reports to facilitate an investment decision about International Game Technology Stock:
Check out Macroaxis Advice on International Game to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
Note that the International Game information on this page should be used as a complementary analysis to other International Game's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.

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The data published in International Game's official financial statements usually reflect International Game's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of International Game. For example, before you start analyzing numbers published by International accountants, it's critical to develop an understanding of what International Game's liquidity, profitability, and earnings quality are in the context of the Hotels, Restaurants & Leisure space in which it operates.
Please note, the presentation of International Game's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, International Game's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in International Game's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of International Game Technology. Please utilize our Beneish M Score to check the likelihood of International Game's management manipulating its earnings.