Texas Capital analyst David Bain initiated coverage of Inspired Entertainment with a Buy rating and $17 price target. Inspired has successfully transitioned to an asset-light, digitally-led gaming technology and content supplier, benefiting from strong existing market growth and continued market share gains, says the analyst, who adds that 2026 EBITDA margins should increase over 1,000 basis points versus the company's historical average. Inspired's valuation is over 40% below "increasingly scarce public gaming supplier peers," the analyst added.
