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Deutsche Bank Stick to Their Buy Rating for International Game Technology

Published 11/16/2021, 04:25 PM
Updated 11/16/2021, 04:25 PM


Deutsche Bank (DE:DBKGn) analyst Carlo Santarelli maintained a Buy rating on International Game Technology (NYSE:IGT) on Tuesday, setting a price target of $42, which is approximately 41.70% above the present share price of $29.64.

Santarelli expects International Game Technology to post earnings per share (EPS) of $1.49 for the fourth quarter of 2021.

The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in International Game Technology, with an average price target of $43.
The analysts price targets range from a high of $57 to a low of $35.

In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $1.04 billion and a net profit of $246 million. The company's market cap is $6.08 billion.

According to TipRanks.com, Deutsche Bank analyst Carlo Santarelli is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 24.8% and a 64.21% success rate.

International Game Technology Plc engages in the designing, manufacturing, and marketing of electronic gaming equipment, software, and network systems. It operates through the following segments: North America Gaming and Interactive; North America Lottery, International, Italy, and Other. The North America Gaming and Interactive segment develops and delivers leading games, systems and solutions for land-based casinos, DoubleU Games DoubleDown casino free-to-play social casino app, and interactive for-wager online play. The North America Lottery segment is involved in the development and delivery of lottery solutions, performing research and development for all lottery-related products globally. The International segment specializes in end-to-end solutions and services across all channels to regulated clients in Commercial Gaming and Lottery sectors such as strategic development and operation management. The Italy segment is responsible for lottery and machine gaming concessions, as well as ports betting, interactive gaming, and commercial services. The company was founded on July 11, 2014 and is headquartered in London, the United Kingdom.

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