IGT Price Prediction Next Week
Analysis and Insights
Technical Analysis:
IGT's stock price is currently trading at $16.89, near the lower end of its recent range. The Relative Strength Index (RSI) is at 45.93, indicating a neutral position without clear overbought or oversold signals. The MACD is slightly negative, suggesting a bearish trend, but the signal line is close to crossing, which could indicate a potential reversal.
Options Activity:
The $17.00 put contract has a 60% chance of expiring worthless, while the $20.00 call contract has a 53% chance of expiring worthless. This suggests moderate bearish sentiment but with some potential for upside.
Fibonacci Levels:
The stock is currently near the support level of $16.59, with a pivot point at $17.07. Resistance levels are at $17.54 and $18.31.
News Sentiment:
IGT is part of the Fidelity Enhanced Large Cap Core ETF (FELC), which has an implied analyst target price of $38.43, suggesting a 22.85% upside for the ETF. IGT's inclusion indicates positive analyst sentiment.
Conclusion:
Based on the analysis, IGT is expected to trade between $16.50 and $17.50 next week. The stock is near support levels, and while there is potential for a slight rebound, the overall trend remains bearish.
Target Price: $16.75
Recommendation: Sell
IGT Similar Chart Price Prediction
The price of IGT is predicted to go up -1.96%, based on the high correlation periods with IP. The similarity of these two price pattern on the periods is 94.03%.
IGT
IP
Down: -1.96%Similarity: 94.03%
IGT Revenue Forecast
IGT EPS Forecast
IGT FAQs
What is IGT revenue forecast for next quarter？
What is IGT eps forecast for next quarter？
IGT Analyst's Forecast
Barry Jonas
Truist Securities
Hold
2025-01-14
Price Target
$23 → $20
Upside
+14.48%
Truist analyst Barry Jonas lowered the firm's price target on International Game to $20 from $23 and keeps a Hold rating on the shares as part of a 2025 outlook for the gaming sector. Outside of acquisition-related outperformance, 2024 was a challenging year for gaming stocks, the analyst tells investors in a research note. The firm says the rate environment remained volatile and stable fundamentals "weren't enough to overcome lingering macro fears." For 2025, Truist expects more of the same around the macro, but says "trough valuations could improve on any signs of life for fundamentals."
