Despite being among the biggest companies on the S&P/ASX 200 Index (ASX: XJO) by market capitalisation, shares in Aristocrat Leisure Limited (ASX: ALL) often appear to slip market watchers' minds.
That's despite the ASX gaming stock having posted a whopping gain over the last decade.
Indeed, this time 10 years ago, the Aristocrat Leisure share price was trading at $2.76.
Today, shares in the gaming technology company are swapping hands for $37.16 apiece, a surge of 1,246.4% since November 2012. And that's before considering the share's dividends.
Additionally, experts believe it could continue on its upwards trajectory, with one tipping it to gain another 18%.
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The ASX 200 share that turned $1,000 into $13,000 in 10 years
The Aristocrat Leisure share price has provided one of the biggest gains on the ASX 200 over the last 10 years – growing a whopping 1,246% alongside the gaming tech company.
The company brought in $704 million of revenue and a $66.9 million after-tax profit over the course of 2011. Fast forward to financial year 2021, and it was posting $4.7 billion of revenue and $765.6 million of after-tax profits. That represents a 1,044% increase in profits over that time.
And that might not be the end of its growth story. The company is working to grow in the real gaming money category and recently announced a $500 million on-market share buyback.
Meanwhile, Citi has tipped the Aristocrat Leisure share price to gain another 8.4% to trade at $40.20, my Fool colleague James reports.
Macquarie is said to be even more bullish, slapping the stock with a $44 price target. That represents a potential 18.4% upside.
Finally, Goldman Sachs says the ASX 200 gaming share represents "the most diversified growth opportunity" in its sector. The broker expects the stock could launch 14.4% to $42.50.
