
Penn Entertainment (PENN) Stock Forecast & Price Target
Penn Entertainment (PENN) Analyst Ratings
Bulls say
PENN Entertainment is supported by a resilient retail casino base that generated 81% of 2025 sales, produced low-30s EBITDAR margins, and delivered a 2Q26 EBITDAR of $476 million, up 21% year over year and 4% above consensus. Its 42 properties across 20 states benefit from healthy regional gaming trends, limited new supply, and a pipeline of conversion and hotel projects that are already lifting earnings, while 9 properties set 2Q records and management raised 2026 guidance to about $5.87 billion of retail revenue and $1.963 billion of EBITDAR. On top of that, the interactive business is becoming more disciplined as theScore adds digital technology, media reach, and cross-sell support, with tighter marketing helping hold full-year EBITDA at -$20 million and improving the path to stronger free cash flow.
Bears say
PENN Entertainment is viewed negatively because its interactive business is still ramping slowly, making it difficult to translate growth into durable earnings despite the company’s broad mix of casinos, racetracks, and online betting brands across 28 jurisdictions. The outlook is also pressured by softness in the consumer environment, higher interest rates, and rising costs, while the quant model highlights weak profitability and a poor ability to convert investment into returns. Even with theScore and ESPN BET supporting its digital position, the company faces profitably scaling Interactive, deteriorating economic conditions, competitive openings, and possible gaming tax or regulatory increases.
This aggregate rating is based on analysts' research of Penn Entertainment and is not a guaranteed prediction by Public.com or investment advice.
Penn Entertainment (PENN) Analyst Forecast & Price Prediction
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Penn Entertainment (PENN) Analyst Forecast & Price Prediction
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