
BRSL Stock Forecast & Price Target
BRSL Analyst Ratings
Bulls say
Brightstar Lottery is a strong and undervalued player in the global lottery industry, with a track record of high contract renewal rates, significant scale and investment benefits, and a consistent dividend. The company's focus on innovation and proven technology gives it an advantage in the market, while its diverse operations in the US, Italy, and Rest of World provide stability and growth potential. With its recent spin-off of Global Gaming and Digital businesses, it is now a pure-play lottery company poised for a multiple re-rate. While its 1H26 results were muted and Q2 outlook is below expectations, we believe several drivers in the 2H will lead to a strong performance, including per capita revenue increases, jackpot recovery, instant ticket share gains, and opportunities in the Italian digital market. With its peers trading at an average of 9-12x EBITDA, we see high potential for BRSL's current forward multiple of ~6x to significantly increase, and estimate every additional 1x turn represents $5 of value per share. While there are some risks associated with competition, contract renewals, and compliance, we maintain our outperform rating and increase our price target to $21.
Bears say
Brightstar Lottery is facing challenges due to limited PowerBall and MegaMillions jackpots, resulting in lower revenue and a higher margin erosion in the first half of 2026. Despite the company's efforts to increase its market share and expand into the Italian online gaming market, there are still concerns about government budget deficits and tax risks that could hinder its growth potential. The company's net leverage and high level of long-term debt also remain as key financial risks that could impact its future performance and valuation.
This aggregate rating is based on analysts' research of International Game Technology PLC and is not a guaranteed prediction by Public.com or investment advice.
BRSL Analyst Forecast & Price Prediction
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