Aristocrat (ASX:ALL) share price up 7% this month, tipped to go higher

In hindsight, it’s not much surprise that the Aristocrat Leisure Limited (ASX: ALL) share price is among the strongest performing ASX 50 shares in April.

Aristocrat shares are up 6.88% to $37.14 this month, and both Goldman Sachs and Citi think they are due to go higher.

The leading pokie and casino management business fell to less than half its current price through COVID-19 last year, but the business’ forecasts are now showing that was exceptionally pessimistic.

Aristocrat’s projected future growth

Goldman has set Aristocrat a price target 27 cents above its current value, while Citi has set its target at $40.60. The company’s annual general meeting in February revealed that 90% of its pokie machines are active across…