
Accel Entertainment (ACEL) Stock Forecast & Price Target
Accel Entertainment (ACEL) Analyst Ratings
Bulls say
Accel Entertainment is in a favorable position as a major player in the gaming and local entertainment industry, with potential for growth through acquisitions and expansion into new markets. However, saturation of its main market and delayed legalization of VGTs and online gaming may limit potential gains. Despite its low valuation compared to other gaming companies, investors should approach with caution due to limited potential for upside and unclear catalysts.
Bears say
Accel Entertainment is heavily reliant on its video gaming terminals (VGT) operations, which make up about 95% of its revenues. With the majority of its business in Illinois, where growth may be plateauing and competition is increasing, there is limited room for organic growth. While the company has a strong balance sheet for potential M&A opportunities, the limited float (ADTV/Market Cap just ~0.4%) and potential saturation in the market may limit investor interest in the stock. There is also the risk of cannibalization with the potential legalization of iGaming, which could lead to potential headwinds for the VGT business.
This aggregate rating is based on analysts' research of Accel Entertainment and is not a guaranteed prediction by Public.com or investment advice.
Accel Entertainment (ACEL) Analyst Forecast & Price Prediction
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