
Accel Entertainment (ACEL) Stock Forecast & Price Target
Accel Entertainment (ACEL) Analyst Ratings
Bulls say
Accel Entertainment's positive outlook is rooted in its strategic expansion outside of Illinois, with non-Illinois revenues projected to comprise approximately 28% by 2025, reflecting successful market penetration in states like Nevada and Montana. The company is expected to achieve a compound annual growth rate (CAGR) of 6% in EBITDA from 2024 to 2027, driven by steady growth in core markets and robust performance in developing areas, notably in Nebraska and Georgia where revenues have surged by double digits. Additionally, Accel's financial metrics showcase a notable increase in revenues and EBITDA of 9% and 12%, respectively, bolstered by enhanced terminal counts, stable machine performance, and effective capital deployment strategies.
Bears say
Accel Entertainment's stock faces a negative outlook primarily due to the stagnation in the over $6 billion U.S. Video Gaming Terminal (VGT) market, particularly as growth from Illinois, which constitutes approximately 75% of the company's revenue, is slowing. The company exhibits weak price momentum, indicating historical poor performance and potential continuation of lackluster returns in the medium to long term. Furthermore, challenges such as limited trading volume, regulatory uncertainties around iGaming legalization, and an inability to leverage its existing machine and location footprint contribute to the pressured valuation and growth prospects.
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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