S&P/ASX 200 Index (ASX: XJO) stocks Light & Wonder Inc (ASX: LNW) and Generation Development Group Ltd (ASX: GDG) have opened up in the green on Tuesday morning.
At the time of writing, Light and Wonder shares are up 2.7% while Generation Development Group shares are up over 2%.
These jumps come after what has been a down year so far in 2026 for both ASX 200 companies.
Let's see what's behind the spike, and if this marks the start of a longer rebound.
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Light & Wonder
Light & Wonder engages in the development of technology-based products and services and associated content.
It operates through the following segments: Gaming, SciPlay, and iGaming. The Gaming segment designs, develops, manufactures, markets, and distributes a comprehensive portfolio of gaming products and services.
This ASX 200 company has struggled in 2026, falling almost 19% year to date.
There is no price-sensitive news out of the company today.
Despite this, it has been hotly covered by the team here at The Motley Fool over the past month, as many have tipped it as a bounce-back candidate this year.
It appears investors may now be jumping on the company as a value play.
Brokers also agree that this ASX 200 stock could be set to recover this year.
Macquarie recently set a $205 price target on Light and Wonder shares, which indicates a potential further upside of 61%.
This optimism is consistent amongst other experts.
21 analyst forecasts via TradingView have an average one-year price target of $189.95.
This indicates an upside potential of approximately 50% from current levels.
Generation Development Group
Generation Development Group engages in the provision of development capital to financial sector businesses.
It has fallen more than 21% in 2026, however has opened today trading more than 2% higher.
There is also no price-sensitive news out of the company today, as it appears investors are seeing the ASX 200 stock as another value play.
Last month, the team at Morgans placed a $6.66 price target on the company, saying management has shown a strong track record over time.
Today, Generation Development Group shares are hovering around $4.64.
If this ASX 200 stock reached this target, it would be a rise of nearly 50%.
Similarly, 8 analyst forecasts via TradingView place an average 12-month price target of $7.17 on the company.
This indicates an upside potential of 55%.
