UPDATE: Inspired Entertainment Inc (INSE) PT Raised to $13 at Craig-Hallum Ahead of a Q3 Earnings Acceleration

May 17, 2021 8:33 AM EDT
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Price: $12.14 --0%

Rating Summary:
    3 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 4 | New: 37
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(Updated - May 17, 2021 11:26 AM EDT)

Craig-Hallum analyst Mike Malouf raised the price target on Inspired Entertainment Inc (NASDAQ: INSE) to $13.00 (from $11.00) while noting the company should face transitory near-term challenges into Q2 given the COVID restrictions and shutdowns.

The analyst is looking through the headwinds to $80-100M+ annual EBITDA and reiterated a Buy rating. He stated "We expect a quick recovery in participation-based gaming at retail starting in Q3 complemented by continued strong growth in its high-margin interactive/virtual businesses. Given the financial and operating leverage, the stock carries an above-average risk/reward but we think there is significant upside for shares when operating conditions normalize."


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