
Penn Entertainment (PENN) Stock Forecast & Price Target
Penn Entertainment (PENN) Analyst Ratings
Bulls say
PENN Entertainment operates 43 properties across 20 states, generating 85% of its total sales from land-based casinos, which boast mid-30s EBITDAR margins that strategically enhance its positioning for digital wagering market licenses. The company's media asset, theScore, offers advanced sports betting and iGaming technology, facilitating a robust digital presence that attracts a growing clientele. Moreover, indicators of increasing iCasino GGR share, alongside overall growth in brick-and-mortar GGR, suggest positive momentum in revenue and market sentiment.
Bears say
PENN Entertainment's stock faces a negative outlook primarily due to a sequential loss in market share, attributed to promotional activities that have decreased reinvestment levels relative to total handle across various states, resulting in below-average figures. The company's current valuation, while lower than historical averages, reflects muted regional fundamentals, indicating that potential improvements in gross gaming revenue (GGR) and margins are uncertain and difficult to predict. Additionally, the stock is exposed to multiple downside risks, including challenges in scaling the Interactive segment profitably, unfavorable economic conditions, increased competition, severe weather, and potential hikes in gaming tax rates or regulatory changes.
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
Start investing in Penn Entertainment (PENN)
Order type
Buy in
Order amount
Est. shares
0 shares