
Penn Entertainment (PENN) Stock Forecast & Price Target
Penn Entertainment (PENN) Analyst Ratings
Bulls say
PENN Entertainment's diverse portfolio, which includes 43 properties across 20 states, is well-positioned for continued revenue growth, with land-based casinos generating 85% of total sales and achieving mid-30s EBITDAR margins. The company's interactive segment, comprising sports, iGaming, and media revenue, and bolstered by theScore asset, is enhancing PENN's digital market position as evidenced by rising iCasino gross gaming revenue (GGR) trends in Michigan and stable performance in New Jersey. Overall, sustained acceleration in GGR performance, along with a positive outlook on potential growth projects and strategic shifts, supports a favorable long-term financial trajectory for PENN Entertainment.
Bears say
PENN Entertainment's stock outlook is negatively impacted by a sequential share loss driven by a significant reduction in promotional reinvestment, which has dropped below average levels compared to regional operators. Additionally, the current valuation reflects muted regional fundamentals, indicating a need for a difficult-to-forecast improvement in gross gaming revenue (GGR) or margins for any potential re-rating of the retail multiple. The company faces multiple downside risks, including challenges in scaling its interactive segment profitably, adverse economic conditions, increased competition, severe weather events, and potential regulatory changes that could further strain financial performance.
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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