Morningstar raises fair value estimate for Aristocrat Leisure, bets on gaming machine business

Aristocrat Leisure

02/08/2026 23:10

** Morningstar raises its fair value estimate for Australia's Aristocrat Leisure ALL.AX by 13% to A$76 ($53.51)/share
** The investment research firm banks on company's electronic gaming machine businesses, particularly in North America
** Says the business is powerful, with top market shares, deep customer relationships, and growing installed bases
** "Aristocrat is a higher-quality company, with a more dominant competitive position" - Morningstar
**  Adds, research and development expenditure in EGM business is unmatched by peers globally
** Morningstar forecasts Aristocrat revenue to grow at an average 5% annually in five years to FY30, driven by continued EGM market-share gains
** The EGM business designs, manufactures and supplies poker machines and casino gaming content, earning from both machine sales and recurring leased-machine fees
** All the 16 analysts suggest "buy" or higher; their median PT is A$65 ($45.77), LSEG-compiled data shows
** YTD, stock up 10.2%, as of last close
     
 
($1 = 1.4203 Australian dollars)


 (Reporting by Aamir Sheik Khalid in Bengaluru)
 ((Aamir.SheikKhalid@thomsonreuters.com))