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Inspired Entertainment, Inc. (NASDAQ:INSE) Sees Optimistic Price Target Amidst Financial Results Anticipation
Mar 14, 2025 10:00 AM - Tony Dante
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- Inspired Entertainment, Inc. (NASDAQ:INSE) receives a bullish price target of $21 from New Street analyst David Bain.
- The company is set to release its fourth-quarter financial results, with earnings expected to be 15 cents per share and quarterly revenue anticipated at $79.19 million.
- Despite a recent share price drop of 6.41%, partnerships expansion and a Market Outperform rating from JMP Securities suggest confidence in INSE's future performance.
Inspired Entertainment, Inc. (NASDAQ:INSE) is a leading provider in the gaming technology and content sector, operating across gaming and lottery segments with offerings in virtual sports, mobile gaming, and server-based gaming systems. Competing within the dynamic gaming technology landscape, INSE is focused on broadening its market reach and forging strategic partnerships.
On March 14, 2025, David Bain from New Street set a price target of $21 for INSE. At that time, the stock was trading at $8.03, suggesting a potential price increase of approximately 38.48%. This optimistic outlook is in anticipation of the company's fourth-quarter financial results, expected to be released on March 17.
Analysts are predicting that Inspired Entertainment will report earnings of 15 cents per share, a slight decrease from 17 cents per share in the same period last year. The anticipated quarterly revenue is $79.19 million, marginally lower than the previous year's $81.2 million. Despite these slight declines, INSE is actively expanding its partnerships, as demonstrated by its recent collaboration with Rush Street Interactive, Inc. (RSI).
Following the announcement of the expanded partnership with RSI, INSE shares fell by 6.4%, closing at $8.03. This decline reflects immediate market reactions, yet analyst David Scharf from JMP Securities maintains a Market Outperform rating for the company, signaling confidence in its future performance.
Currently, INSE's stock is priced at $8.03, having decreased by 6.41% today. The stock's trading range for the day was between $8.03 and $8.52. Over the past year, it has reached a high of $11.61 and a low of $7.51. With a market capitalization of approximately $213.4 million, INSE remains a significant entity in the gaming technology industry.
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