
Inspired Entertainment: Patience Required As The 2027 Re-Rating Takes Shape
Inspired Entertainment (INSE) is upgraded to 'Buy' as the company pivots toward an asset-light, high-margin iGaming model. Divestiture of low-margin UK Leisure assets trims debt but leaves leverage elevated; most FCF will target deleveraging over buybacks. UK tax hikes and regulatory headwinds remain near-term challenges, but U.S. iGaming growth and margin expansion underpin a high-teens price target by FY 2027.
















