Inspired Entertainment

INSE · NASDAQ

$3.18−$0.02 (−0.63%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $3.20

INSE analyst rating

BuyConsensus of 4 analysts over the last 12 months. 50% rate it a buy.

Strong buy0
Buy2
Hold2
Underperform0
Sell0

12-month price target · 8 analysts

Average $13.09 (+311.6% upside)

Low: $10.10
Now: $3.18
High: $17.85

Upgrades and downgrades

The latest rating actions, newest first

INSE analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Truist Securities	Oct 20, 2026	Maintains	Buy	$12.00 → $8.00	39%
Citizens	Oct 13, 2026	Maintains	Market Outperform	$11.00 → $9.00	31%
Macquarie	Oct 7, 2026	Maintains	Neutral	$9.00 → $7.00	40%
BWS Financial	Sep 29, 2026	Downgrade	Buy → Neutral	—	56%
BWS Financial	Sep 16, 2026	Maintains	Buy	$20.00	56%
BWS Financial	May 11, 2026	Maintains	Buy	$20.00	56%
BWS Financial	Mar 11, 2026	Maintains	Buy	$20.00	56%
BWS Financial	Nov 17, 2025	Maintains	Buy	$20.00	56%

The case for and against

Updated Oct 16, 2026

Bull case

Inspired Entertainment is viewed positively because it has still generated positive free cash flow despite delays in new states permitting full online casinos, showing resilience in its operating model and balance sheet discipline. The company also benefited from strong demand for its slot machines in the first quarter, with management previously noting rising interest in its gaming content that required hiring additional talent. On top of that, the April 1 UK gambling tax did not appear to derail momentum, as management said gross gaming revenue rose 40 percent in April, reinforcing confidence in demand across its gaming offerings.

Bear case

Inspired Entertainment is facing a deteriorating fundamental backdrop as Brazil moves to ban online betting, directly threatening revenue from a market that currently contributes to the company’s business. The company could also be forced into costly operating changes before the political situation is settled, creating a mismatch between higher expenses and potentially restricted access to revenue. Although first quarter revenue of $57.2 million was close to the $58.6 million estimate, Virtual Sports remained a drag, highlighting that growth is still uneven across its segments.

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