PENN Entertainment (PENN) Stock Forecast, Price Target & Predictions


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PENN Stock Forecast


PENN Entertainment stock forecast is as follows: an average price target of $41.32 (represents a 108.90% upside from PENN’s last price of $19.78) and a rating consensus of 'Buy', based on 25 wall street analysts offering a 1-year stock forecast.

PENN Price Target


The average price target for PENN Entertainment (PENN) is $41.32 based on 1-year price targets from 25 Wall Street analysts in the past 3 months, with a price target range of $115.00 to $17.00. This represents a potential 108.90% upside from PENN's last price of $19.78.

PENN Analyst Ratings


Buy

According to 25 Wall Street analysts, PENN Entertainment's rating consensus is 'Buy'. The analyst rating breakdown for PENN stock is 0 'Strong Buy' (0.00%), 17 'Buy' (68.00%), 8 'Hold' (32.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

PENN Entertainment Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 04, 2024Stephen GramblingMorgan Stanley$20.00$18.249.65%1.11%
Aug 09, 2024Brandt MontourBarclays$23.00$18.7222.86%16.28%
Aug 08, 2024Carlo SantarelliDeutsche Bank$18.00$17.860.78%-9.00%
Jun 21, 2024Ryan SigdahlNational Bank$30.00$19.4254.48%51.67%
Jun 21, 2024Ryan SigdahlCraig-Hallum$30.00$20.0449.70%51.67%
Jun 14, 2024Barry JonasTruist Financial$25.00$17.8240.29%26.39%
May 31, 2024Joseph StauffSusquehanna$26.00$15.9263.34%31.45%
May 14, 2024Bernie McTernanNeedham$26.00$16.9053.85%31.45%
May 03, 2024Zachary WarringCFRA$24.00$15.1958.05%21.33%
May 03, 2024John DeCreeCBRE$17.00$15.0013.33%-14.05%
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The latest PENN Entertainment stock forecast, released on Sep 04, 2024 by Stephen Grambling from Morgan Stanley, set a price target of $20.00, which represents a 9.65% increase from the stock price at the time of the forecast ($18.24), and a 1.11% increase from PENN last price ($19.78).

PENN Entertainment Price Target by Period


1M3M12M
# Anlaysts1515
Avg Price Target$20.00$24.20$24.53
Last Closing Price$19.78$19.78$19.78
Upside/Downside1.11%22.35%24.01%

In the current month, the average price target of PENN Entertainment stock is $20.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 1.11% increase as opposed to PENN Entertainment's last price of $19.78. This month's average price target is down -17.36% compared to last quarter, and down -18.47% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 04, 2024SusquehannaBuyBuyHold
Sep 04, 2024NeedhamUnderperformUnderperformHold
Sep 04, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Aug 09, 2024SusquehannaBuyBuyHold
Aug 09, 2024Raymond JamesUnderperformUnderperformHold
Aug 09, 2024BarclaysOverweightOverweightHold
Aug 08, 2024Deutsche BankHoldHoldHold
Jul 12, 2024Truist FinancialUnderperformUnderperformHold
Jul 12, 2024Wells FargoBuyBuyHold
Jul 12, 2024Morgan StanleyEqual-WeightEqual-WeightHold
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PENN Entertainment's last stock rating was published by Susquehanna on Sep 04, 2024. The company gave PENN a "Buy" rating, the same as its previous rate.

PENN Entertainment Financial Forecast


PENN Entertainment Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue-------------$1.62B$1.67B$1.67B$1.59B$1.63B-$1.56B$1.57B$1.51B$1.55B$1.27B$1.03B$1.13B$305.50M$1.12B$1.34B$1.35B
Avg Forecast$1.90B$1.81B$1.80B$1.81B$1.83B$1.76B$1.73B$1.76B$1.74B$1.69B$1.65B$1.63B$1.53B$1.62B$1.66B$1.59B$1.58B$1.58B$1.60B$1.53B$1.51B$1.51B$1.47B$1.14B$1.08B$1.10B$242.99M$1.23B$1.35B$1.37B
High Forecast$2.01B$1.92B$1.91B$1.92B$1.95B$1.87B$1.83B$1.87B$1.85B$1.72B$1.75B$1.73B$1.57B$1.65B$1.77B$1.69B$1.68B$1.68B$1.60B$1.60B$1.58B$1.58B$1.54B$1.19B$1.13B$1.15B$254.57M$1.29B$1.41B$1.43B
Low Forecast$1.82B$1.73B$1.72B$1.73B$1.76B$1.69B$1.66B$1.69B$1.67B$1.65B$1.58B$1.56B$1.49B$1.58B$1.59B$1.52B$1.51B$1.52B$1.60B$1.44B$1.42B$1.42B$1.39B$1.07B$1.02B$1.04B$228.87M$1.16B$1.27B$1.29B
# Analysts9999555561264715991313686554646453
Surprise %-------------1.00%1.01%1.05%1.00%1.03%-1.03%1.04%1.00%1.05%1.12%0.95%1.03%1.26%0.91%0.99%0.99%

PENN Entertainment's average Quarter revenue forecast for Dec 23 based on 7 analysts is $1.53B, with a low forecast of $1.49B, and a high forecast of $1.57B. PENN's average Quarter revenue forecast represents a -5.45% decrease compared to the company's last Quarter revenue of $1.62B (Sep 23).

PENN Entertainment EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts9999555561264715991313686554646453
EBITDA-------------$-574.80M$38.70M$318.60M$419.90M$393.00M-$378.20M$293.70M$351.40M$471.90M$328.80M$245.90M$357.90M$-45.70M$-482.40M$129.20M$303.93M
Avg Forecast$397.90M$379.14M$377.31M$379.29M$384.65M$368.76M$362.34M$368.72M$364.63M$354.33M$346.68M$618.24M$321.03M$338.72M$348.99M$562.03M$330.99M$533.79M$335.09M$510.94M$398.99M$485.27M$350.12M$277.10M$378.07M$322.77M$-54.80M$-24.51B$115.33M$345.37M
High Forecast$422.27M$402.36M$400.41M$402.52M$408.21M$391.34M$384.53M$391.30M$386.96M$360.70M$367.91M$741.88M$329.37M$345.60M$370.36M$674.44M$351.26M$640.55M$335.09M$613.13M$478.79M$582.32M$420.14M$332.51M$453.69M$387.32M$-43.84M$-19.60B$138.39M$414.45M
Low Forecast$381.25M$363.27M$361.51M$363.42M$368.55M$353.33M$347.18M$353.29M$349.37M$345.85M$332.17M$494.59M$312.69M$331.31M$334.38M$449.63M$317.14M$427.03M$335.09M$408.75M$319.19M$388.21M$280.10M$221.68M$302.46M$258.21M$-65.76M$-29.41B$92.26M$276.30M
Surprise %--------------1.70%0.11%0.57%1.27%0.74%-0.74%0.74%0.72%1.35%1.19%0.65%1.11%0.83%0.02%1.12%0.88%

15 analysts predict PENN's average Quarter EBITDA for Sep 23 to be $338.72M, with a high of $345.60M and a low of $331.31M. This is 775.23% upper than PENN Entertainment's previous annual EBITDA (Jun 23) of $38.70M.

PENN Entertainment Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts9999555561264715991313686554646453
Net Income-------------$-724.80M$78.40M$514.50M$20.80M$123.50M-$51.70M$44.80M$86.10M$198.70M$91.00M$11.10M$141.90M$-214.40M$-608.60M$-92.50M$43.90M
Avg Forecast$78.59M$60.62M$64.86M$25.24M$45.57M$14.74M$37.12M$-778.14K$-16.16M$-40.05M$-41.47M$84.38M$-82.11M$56.10M$63.33M$76.71M$64.75M$130.79M$76.06M$69.73M$61.13M$118.90M$147.42M$76.69M$17.07M$127.97M$-257.08M$-30.92B$-82.57M$49.89M
High Forecast$84.85M$65.45M$70.02M$27.25M$49.20M$15.91M$40.07M$-735.80K$-15.28M$-25.36M$-39.21M$101.26M$-56.18M$74.80M$68.37M$92.05M$69.91M$156.95M$76.06M$83.68M$73.36M$142.68M$176.91M$92.03M$20.48M$153.57M$-205.66M$-24.73B$-66.05M$59.86M
Low Forecast$74.32M$57.32M$61.33M$23.87M$43.09M$13.94M$35.10M$-840.09K$-17.45M$-81.43M$-44.77M$67.50M$-123.89M$32.73M$59.88M$61.37M$61.23M$104.63M$76.06M$55.79M$48.91M$95.12M$117.94M$61.35M$13.65M$102.38M$-308.49M$-37.10B$-99.08M$39.91M
Surprise %--------------12.92%1.24%6.71%0.32%0.94%-0.74%0.73%0.72%1.35%1.19%0.65%1.11%0.83%0.02%1.12%0.88%

PENN Entertainment's average Quarter net income forecast for Sep 23 is $56.10M, with a range of $32.73M to $74.80M. PENN's average Quarter net income forecast represents a -28.44% decrease compared to the company's last Quarter net income of $78.40M (Jun 23).

PENN Entertainment SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts9999555561264715991313686554646453
SG&A-------------$406.40M$380.30M$392.90M$263.20M$277.90M-$295.50M$333.70M$376.50M$316.50M$326.20M$302.10M$317.60M$204.10M$307.00M$304.10M$309.70M
Avg Forecast$451.03M$429.76M$427.68M$429.94M$436.01M$418.00M$410.72M$417.95M$413.32M$401.64M$392.97M$482.28M$363.90M$383.94M$395.59M$438.44M$375.19M$571.92M$379.83M$398.58M$453.33M$519.93M$234.82M$274.90M$464.48M$286.42M$57.75M$292.71M$271.45M$351.93M
High Forecast$478.65M$456.08M$453.88M$456.27M$462.71M$443.60M$435.88M$443.55M$438.63M$408.86M$417.04M$578.74M$373.35M$391.75M$419.81M$526.13M$398.16M$686.31M$379.83M$478.30M$543.99M$623.91M$281.79M$329.89M$557.37M$343.71M$60.50M$306.67M$325.74M$422.32M
Low Forecast$432.15M$411.77M$409.78M$411.94M$417.76M$400.50M$393.53M$400.46M$396.02M$392.02M$376.52M$385.83M$354.45M$375.55M$379.03M$350.75M$359.48M$457.54M$379.83M$318.87M$362.66M$415.94M$187.86M$219.92M$371.58M$229.14M$54.39M$275.71M$217.16M$281.55M
Surprise %-------------1.06%0.96%0.90%0.70%0.49%-0.74%0.74%0.72%1.35%1.19%0.65%1.11%3.53%1.05%1.12%0.88%

PENN Entertainment's average Quarter SG&A projection for Dec 23 is $363.90M, based on 7 Wall Street analysts, with a range of $354.45M to $373.35M. The forecast indicates a -10.46% fall compared to PENN last annual SG&A of $406.40M (Sep 23).

PENN Entertainment EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts9999555561264715991313686554646453
EPS-------------$-4.80$0.51$3.35$0.13$0.78-$0.31$0.27$0.55$1.27$0.58$0.07$1.02$-1.69$-5.26$-0.80$0.38
Avg Forecast$0.52$0.40$0.43$0.17$0.30$0.10$0.24$-0.01$-0.11$-0.26$-0.27$-0.59$-0.54$0.37$0.42$0.38$0.43$0.36$0.50$0.43$0.52$0.85$0.93$0.26$0.25$0.53$-2.10$0.26$0.36$0.42
High Forecast$0.56$0.43$0.46$0.18$0.32$0.10$0.26$-0.00$-0.10$-0.17$-0.26$-0.56$-0.37$0.49$0.45$0.41$0.46$0.39$0.50$0.45$0.55$0.90$0.99$0.27$0.26$0.56$-1.94$0.27$0.38$0.45
Low Forecast$0.49$0.38$0.40$0.16$0.28$0.09$0.23$-0.01$-0.11$-0.54$-0.29$-0.64$-0.81$0.22$0.39$0.36$0.40$0.34$0.50$0.39$0.48$0.78$0.86$0.24$0.23$0.49$-2.23$0.24$0.33$0.39
Surprise %--------------13.01%1.22%8.79%0.31%2.16%-0.73%0.52%0.65%1.37%2.26%0.28%1.93%0.81%-20.32%-2.21%0.90%

According to 15 Wall Street analysts, PENN Entertainment's projected average Quarter EPS for Sep 23 is $0.37, with a low estimate of $0.22 and a high estimate of $0.49. This represents a -27.68% decrease compared to PENN previous annual EPS of $0.51 (Jun 23).

PENN Entertainment Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
PENNPENN Entertainment$19.78$41.32108.90%Buy
CZRCaesars Entertainment$40.25$73.0881.57%Buy
MGMMGM Resorts$37.21$52.8442.00%Buy
WYNNWynn Resorts$80.00$109.8237.27%Buy
DKNGDraftKings$38.95$46.7119.92%Buy
BYDBoyd Gaming$62.57$74.7519.47%Buy

PENN Forecast FAQ


Yes, according to 25 Wall Street analysts, PENN Entertainment (PENN) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 17 'Buy' recommendations, accounting for 68.00% of PENN's total ratings.

PENN Entertainment (PENN) average price target is $41.32 with a range of $17 to $115, implying a 108.90% from its last price of $19.78. The data is based on 25 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for PENN stock, the company can go up by 108.90% (from the last price of $19.78 to the average price target of $41.32), up by 481.40% based on the highest stock price target, and down by -14.05% based on the lowest stock price target.

PENN's average twelve months analyst stock price target of $41.32 supports the claim that PENN Entertainment can reach $30 in the near future.

1 Wall Street analyst forecast a $20 price target for PENN Entertainment (PENN) this month, up 1.11% from its last price of $19.78. Compared to the last 3 and 12 months, the average price target increased by 22.35% and increased by 24.01%, respectively.

PENN Entertainment's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $7.08B (high $7.51B, low $6.78B), average EBITDA is $1.48B (high $1.58B, low $1.42B), average net income is $96.65M (high $104.45M, low $91.29M), average SG&A $1.68B (high $1.79B, low $1.61B), and average EPS is $0.635 (high $0.687, low $0.6). PENN's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $7.31B (high $7.76B, low $7.01B), average EBITDA is $1.53B (high $1.63B, low $1.47B), average net income is $229.32M (high $247.57M, low $216.84M), average SG&A $1.74B (high $1.84B, low $1.67B), and average EPS is $1.51 (high $1.63, low $1.43).

Based on PENN Entertainment's last annual report (Dec 2022), the company's revenue was $6.4B, beating the average analysts forecast of $6.29B by 1.82%. Apple's EBITDA was $1.63B, missing the average prediction of $1.71B by -4.75%. The company's net income was $222.1M, missing the average estimation of $341.34M by -34.93%. Apple's SG&A was $1.11B, missing the average forecast of $1.73B by -35.65%. Lastly, the company's EPS was $1.37, missing the average prediction of $1.71 by -20.05%. In terms of the last quarterly report (Sep 2023), PENN Entertainment's revenue was $1.62B, beating the average analysts' forecast of $1.62B by 0.24%. The company's EBITDA was $-575M, missing the average prediction of $338.72M by -269.70%. PENN Entertainment's net income was $-725M, missing the average estimation of $56.1M by -1391.93%. The company's SG&A was $406.4M, beating the average forecast of $383.94M by 5.85%. Lastly, the company's EPS was $-4.8, missing the average prediction of $0.369 by -1401.34%