
Penn Entertainment (PENN) Stock Forecast & Price Target
Penn Entertainment (PENN) Analyst Ratings
Bulls say
PENN Entertainment is well-positioned to capitalize on the growing digital wagering market, with a strong presence in both brick-and-mortar casinos and online betting through its 42 properties and 12 brands. The company's investments in media and technology, such as theScore, provide additional opportunities for growth and diversification. While the company faces potential risks in the form of increasing costs and competition, its strong balance sheet and focus on deleveraging should help it weather any challenges in the near term.
Bears say
PENN Entertainment is facing potential forced divestitures from CZR's acquisition of MGM, leading to a high bar for opportunistic M&A. Management is interested in establishing a cross-sell strategy with PENN Play Rewards through expansion onto the LV Strip, but will remain disciplined on price and location due to focus on deleverage and potential drag from Caesar/other rewards. The current target price is $25 with a SOTP methodology using a 6.75x multiple to PENN's 2027E Property adjusted EBITDAR, with additional value added for their iCasino and theScore bet offerings.
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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