Light & Wonder: Evaluating Valuation After Q3 Earnings Growth and Share Buybacks

Light & Wonder (LNW) reported Q3 earnings growth and initiated a major share buyback program. The company's share price rose over 8% in a single day and 11% for the past week. However, the one-year total shareholder return stands at -22%. Analysts believe that the company's focus on proprietary content development, game studio expansion, and cross-platform technology will drive higher product differentiation, customer stickiness, and margin expansion. Despite growing regulatory pressures and potential delays in customer spending, Light & Wonder is considered undervalued with a fair value set at $105.85.