
Penn Entertainment (PENN) Stock Forecast & Price Target
Penn Entertainment (PENN) Analyst Ratings
Bulls say
PENN Entertainment operates 43 properties across 20 states, with land-based casinos generating 85% of total sales and retail operations achieving mid-30s EBITDAR margins, positioning the company favorably in the digital wagering market. The upward trend in iCasino GGR share in Michigan and stable performance in New Jersey reflects the company's solid growth trajectory within the interactive segment, complementing its robust traditional gaming operations. Additionally, theScore's integration enhances PENN's access to sports betting and iGaming technology, thereby solidifying its competitive stance in the fast-evolving digital gaming landscape.
Bears say
Penn Entertainment has experienced sequential share loss primarily due to a decline in reinvestment as a percentage of handle, falling below average levels compared to competitors in the market. The company's valuation is currently below historical norms, reflecting subdued regional fundamentals, with potential for further re-rating of the retail multiple hinging on unpredictable gross gaming revenue (GGR) and margin improvements. Additionally, the firm faces several downside risks, including difficulties in scaling the interactive segment profitably, adverse economic conditions, increased competition, and potential changes in tax or regulatory environments.
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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