Macquarie analysts expressed a positive outlook on Aristocrat Leisure’s land-based growth in the Americas, underpinned by the operating environment and competitive landscape.
The brokerage reaffirmed its ‘outperform’ rating, while raising the target price for the Australia-based gaming content and technology company by A$2 to A$48.50/share.
As of the previous close, Aristocrat Leisure shares have surged 33.3% this year with a 1.4% hike at A$41.27 reported recently.
Macquarie underlined the good momentum maintained by Aristocrat Leisure’s land-based Americas business segment, encompassing offline gaming operations.
Despite an ongoing debate around softening consumer sentiment, the company’s land-based Americas business continues to enjoy a healthy operating environment.
According to LSEG data, out of 11 analysts, 10 rate Aristocrat Leisure as ‘buy’ or higher and one as a ‘hold’.
Their median target price is A$44.75.
Aristocrat Leisure is a leading Australian gaming content and technology company.