Analysts show increased optimism for Light & Wonder, Inc., with upgraded earnings per share estimates and a higher consensus price target. The company's projected growth rate aligns with the industry average, at an annualized 8.0% until 2024.

Light & Wonder stock is undervalued, presenting a potential buy opportunity. Future outlook is optimistic with expected higher cash flow. However, consider price volatility and financial health before investing.

The company's lower ROE and high debt levels are concerning. However, low ROE isn't always negative if leverage is low, as there's room for improvement. The company's use of significant debt to maximize returns is seen negatively due to the risk.

Despite Light & Wonder's high P/S ratio, its slower revenue growth has investors hoping for a business turnaround. However, analysts are skeptical. The elevated P/S could fall if revenue sentiment doesn't improve, risking future disappointment.

Light & Wonder's promising future is not fully represented in its current stock price. It may be a good time to buy or increase holdings, given the expected rise in cash flow and solid valuation.

Analyst David Katz spotlighted Light & Wonder's hefty outlays in land-gaming and hardware to amplify competitiveness. The new collaboration with Squid Games and amplified R&D emphasis denote a continued 'arms race', praised Katz. He commended the firm's output and future potency, entrenching Jefferies' bullish stance with a Buy rating.