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

OverviewRevenueOwnershipFinancialsChartTranscripts

PENN Stock Forecast

PENN Entertainment stock forecast is as follows: an average price target of $21.60 (represents a 15.57% upside from PENN’s last price of $18.69) 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 $21.60 based on 1-year price targets from 25 Wall Street analysts in the past 3 months, with a price target range of $28.00 to $18.00. This represents a potential 15.57% upside from PENN's last price of $18.69.

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%), 16 'Buy' (64.00%), 9 'Hold' (36.00%), 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
Nov 07, 2024Jason TilchenCanaccord Genuity$28.00$20.2238.48%49.81%
Nov 07, 2024Stephen GramblingMorgan Stanley$19.00$18.383.40%1.66%
Oct 14, 2024David KatzJefferies$20.00$18.527.99%7.01%
Sep 04, 2024Stephen GramblingMorgan Stanley$20.00$18.249.65%7.01%
Aug 09, 2024Brandt MontourBarclays$23.00$18.7222.86%23.06%
Aug 08, 2024Carlo SantarelliDeutsche Bank$18.00$17.860.78%-3.69%
Jun 21, 2024Ryan SigdahlNational Bank$15.00$9.7154.48%-19.74%
Jun 21, 2024Ryan SigdahlCraig-Hallum$30.00$20.0449.70%60.51%
Jun 14, 2024Barry JonasTruist Financial$25.00$17.8240.29%33.76%
May 31, 2024Joseph StauffSusquehanna$26.00$15.9263.34%39.11%
May 14, 2024Bernie McTernanNeedham$26.00$16.9053.85%39.11%
May 03, 2024Zachary WarringCFRA$24.00$15.1958.05%28.41%
May 03, 2024John DeCreeCBRE$17.00$15.0013.33%-9.04%
May 03, 2024Ben ChaikenMizuho Securities$15.99$7.50113.20%-14.45%
May 03, 2024Brandt MontourBarclays$22.00$15.0046.67%17.71%
May 02, 2024Steven WieczynskiStifel Nicolaus$19.00$15.1325.62%1.66%
Apr 23, 2024Barry JonasTruist Financial$23.00$16.9335.85%23.06%
Nov 17, 2023Bernie McTernanNeedham$33.00$24.4135.16%76.57%
May 17, 2023Bernie McTernanNeedham$9.94$5.5180.40%-46.82%
Apr 17, 2023Jordan BenderJMP Securities$45.00$28.2559.29%140.77%
Feb 03, 2023Roth Capital$35.00$34.321.98%87.27%
Feb 03, 2023Truist Financial$40.00$35.0514.12%114.02%
Feb 03, 2023Credit Suisse$46.00$34.7032.56%146.12%
Feb 03, 2023Morgan Stanley$34.00$33.970.09%81.92%
Feb 03, 2023Needham$50.00$33.9247.41%167.52%
Feb 01, 2023Morgan Stanley$35.00$35.06-0.17%87.27%
Jan 09, 2023Jefferies$34.00$30.3012.21%81.92%
Nov 28, 2022J.P. Morgan$39.00$33.9114.99%108.67%
Aug 24, 2022Steven WieczynskiStifel Nicolaus$45.00$34.0932.02%140.77%
Jul 30, 2022Barry JonasTruist Financial$48.00$34.5538.93%156.82%
Jun 28, 2022Jordan BenderNational Bank$52.00$32.3260.89%178.22%
May 09, 2022Benjamin ChaikenCredit Suisse$38.00$17.17121.32%103.32%
Apr 25, 2022Thomas AllenMorgan Stanley$51.00$37.8134.89%172.87%
Apr 25, 2022National Bank$51.00$36.9238.14%172.87%
Apr 19, 2022Barry JonasTruist Financial$60.00$38.6955.09%221.03%
Feb 09, 2022Joseph StauffSusquehanna$65.00$50.8127.93%247.78%
Feb 03, 2022Joseph GreffJ.P. Morgan$58.00$45.3327.95%210.33%
Feb 01, 2022Chad BeynonMacquarie$80.00$47.2469.35%328.04%
Feb 01, 2022Benjamin ChaikenCredit Suisse$49.50$23.62109.57%164.85%
Jan 26, 2022Chad BeynonNational Bank$71.00$43.4663.37%279.88%
Jan 21, 2022David KatzJefferies$49.00$40.9219.75%162.17%
Jan 07, 2022Daniel PolitzerWells Fargo$55.00$47.2816.33%194.28%
Dec 06, 2021Shaun KelleyBank of America Securities$75.00$50.7447.81%301.28%
Oct 27, 2021Stephen GramblingGoldman Sachs$115.00$72.8157.95%515.30%
Oct 19, 2021Zachary SilverbergBerenberg Bank$95.00$81.3416.79%408.29%

The latest PENN Entertainment stock forecast, released on Nov 07, 2024 by Jason Tilchen from Canaccord Genuity, set a price target of $28.00, which represents a 38.48% increase from the stock price at the time of the forecast ($20.22), and a 49.81% increase from PENN last price ($18.69).

PENN Entertainment Price Target by Period

1M3M12M
# Anlaysts-317
Avg Price Target-$22.33$21.82
Last Closing Price$18.69$18.69$18.69
Upside/Downside-100.00%19.48%16.75%

In the current month, the average price target of PENN Entertainment stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to PENN Entertainment's last price of $18.69. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Nov 07, 2024Canaccord GenuityBuyBuyHold
Nov 07, 2024Morgan StanleyHoldHoldHold
Oct 23, 2024Deutsche BankHoldHoldHold
Oct 22, 2024NeedhamUnderperformUnderperformHold
Oct 22, 2024Wells FargoBuyBuyHold
Oct 17, 2024Wells FargoEqual-WeightEqual-WeightHold
Oct 14, 2024JefferiesHoldHoldHold
Oct 04, 2024NeedhamBuyBuyHold
Oct 04, 2024Morgan StanleyUnderperformUnderperformHold
Sep 04, 2024NeedhamUnderperformUnderperformHold
Sep 04, 2024SusquehannaBuyBuyHold
Sep 04, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Aug 09, 2024Raymond JamesUnderperformUnderperformHold
Aug 09, 2024SusquehannaBuyBuyHold
Aug 09, 2024BarclaysOverweightOverweightHold
Aug 08, 2024Deutsche BankHoldHoldHold
Jul 12, 2024Truist FinancialUnderperformUnderperformHold
Jul 12, 2024Wells FargoBuyBuyHold
Jul 12, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Jun 25, 2024Raymond JamesOutperformMarket PerformDowngrade
Jun 21, 2024Truist FinancialUnderperformUnderperformHold
Jun 21, 2024Wells FargoBuyBuyHold
Jun 04, 2024OppenheimerOutperformInitialise
Jun 04, 2024SusquehannaUnderperformUnderperformHold
May 31, 2024SusquehannaPositivePositiveHold
May 20, 2024Raymond JamesOutperformInitialise
May 15, 2024Wells FargoBuyBuyHold
May 15, 2024Truist FinancialUnderperformUnderperformHold
May 14, 2024NeedhamBuyBuyHold
May 03, 2024JMP SecuritiesOutperformBuyUpgrade
May 03, 2024CFRABuyBuyHold
May 03, 2024CBREBuyHoldDowngrade
May 03, 2024BarclaysOverweightOverweightHold
Apr 16, 2024BenchmarkHoldInitialise
Feb 28, 2024Morgan StanleyUnderperformUnderperformHold
Feb 16, 2024NeedhamBuyBuyHold
Feb 16, 2024MacquarieOutperformOutperformHold
Nov 06, 2023Stifel NicolausHoldHoldHold
May 17, 2023NeedhamBuyPositiveUpgrade
Apr 17, 2023Piper SandlerNeutralInitialise
Apr 17, 2023Wolfe ResearchOutperformInitialise
Apr 17, 2023Alliance Global PartnersBuyInitialise
Apr 17, 2023Wells FargoOverweightInitialise
Apr 17, 2023EF HuttonBuyInitialise
Apr 17, 2023UBSNeutralInitialise
Apr 17, 2023William BlairOutperformInitialise
Apr 17, 2023Craig-HallumBuyInitialise
Apr 17, 2023Goldman SachsNeutralInitialise
Feb 03, 2023Credit SuisseOutperformOutperformHold
Feb 03, 2023NeedhamBuyBuyHold
Feb 01, 2023Morgan StanleyEqual-WeightEqual-WeightHold
Nov 03, 2022CBREBuyBuyHold
Oct 06, 2022Canaccord GenuityBuyInitialise
Jul 06, 2022BarclaysOverweightInitialise
Jun 28, 2022National Securities CorporationMarket OutperformInitialise
Jun 28, 2022JMP SecuritiesOutperformInitialise
May 18, 2022Union GamingBuyUpgrade
May 18, 2022JefferiesBuyUpgrade
Apr 25, 2022Morgan StanleyOverweightUpgrade
Jan 26, 2022MacquarieNeutralOutperformUpgrade
Jun 26, 2021MacquarieNeutralNeutralHold

PENN Entertainment's last stock rating was published by Canaccord Genuity on Nov 07, 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 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue-------------$1.62B$1.67B$1.67B$1.59B$1.63B$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$1.91B$1.79B$1.78B$1.83B$1.83B$1.73B$1.73B$1.75B$1.70B$1.65B$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$1.97B$1.85B$1.84B$1.89B$1.88B$1.78B$1.78B$1.79B$1.74B$1.67B$1.65B$1.63B$1.57B$1.65B$1.71B$1.64B$1.63B$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
Low Forecast$1.86B$1.74B$1.73B$1.78B$1.78B$1.68B$1.68B$1.70B$1.68B$1.64B$1.65B$1.63B$1.49B$1.58B$1.62B$1.55B$1.54B$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
# Analysts333344461263471599131313137777999988
Surprise %-------------1.00%1.01%1.05%1.00%1.03%1.02%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 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts333344461263471599131313137777999988
EBITDA-------------$-574.80M$38.70M$318.60M$419.90M$393.00M$427.60M$378.20M$293.70M$351.40M$471.90M$328.80M$245.90M$357.90M$-45.70M$-482.40M$129.20M$303.93M
Avg Forecast$310.43M$291.39M$289.86M$298.01M$297.31M$280.80M$281.20M$284.14M$275.69M$269.00M$268.80M$618.24M$248.92M$262.63M$270.59M$562.03M$438.89M$332.24M$335.09M$510.94M$317.14M$317.14M$308.77M$277.10M$227.12M$231.04M$50.95M$-24.51B$283.02M$286.78M
High Forecast$319.65M$300.04M$298.47M$306.86M$306.14M$289.14M$289.55M$290.53M$282.18M$271.87M$268.80M$741.88M$255.38M$267.97M$278.63M$674.44M$526.67M$332.24M$335.09M$613.13M$317.14M$317.14M$308.77M$332.51M$227.12M$231.04M$50.95M$-19.60B$283.02M$286.78M
Low Forecast$301.96M$283.44M$281.96M$289.89M$289.20M$273.15M$273.53M$276.16M$272.45M$266.12M$268.80M$494.59M$242.45M$256.88M$263.22M$449.63M$351.11M$332.24M$335.09M$408.75M$317.14M$317.14M$308.77M$221.68M$227.12M$231.04M$50.95M$-29.41B$283.02M$286.78M
Surprise %--------------2.19%0.14%0.57%0.96%1.18%1.28%0.74%0.93%1.11%1.53%1.19%1.08%1.55%-0.90%0.02%0.46%1.06%

15 analysts predict PENN's average Quarter EBITDA for Sep 23 to be $262.63M, with a high of $267.97M and a low of $256.88M. This is 578.62% 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 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts333344461263471599131313137777999988
Net Income-------------$-724.80M$78.40M$514.50M$20.80M$123.50M$26.10M$51.70M$44.80M$86.10M$198.70M$91.00M$11.10M$141.90M$-214.40M$-608.60M$-92.50M$43.90M
Avg Forecast$76.36M$58.85M$63.08M$18.34M$38.97M$19.25M$36.07M$-1.93M$-43.92M$-39.44M$-41.50M$84.38M$-82.17M$56.14M$63.37M$76.71M$67.25M$54.86M$76.16M$69.73M$78.39M$128.72M$141.36M$76.69M$37.57M$80.24M$-318.73M$-30.92B$55.03M$64.15M
High Forecast$79.31M$61.13M$65.52M$19.05M$40.48M$19.99M$37.46M$18.35M$-30.11M$-38.04M$-40.03M$101.26M$-56.22M$74.85M$65.82M$92.05M$80.69M$54.86M$76.16M$83.68M$78.39M$128.72M$147.59M$92.03M$37.57M$80.24M$-318.73M$-24.73B$55.03M$64.15M
Low Forecast$73.65M$56.77M$60.85M$17.69M$37.59M$18.56M$34.79M$-14.48M$-57.72M$-40.96M$-43.10M$67.50M$-123.97M$32.75M$61.13M$61.37M$53.80M$54.86M$76.16M$55.79M$78.39M$128.72M$135.14M$61.35M$37.57M$80.24M$-318.73M$-37.10B$55.03M$64.15M
Surprise %--------------12.91%1.24%6.71%0.31%2.25%0.34%0.74%0.57%0.67%1.41%1.19%0.30%1.77%0.67%0.02%-1.68%0.68%

PENN Entertainment's average Quarter net income forecast for Sep 23 is $56.14M, with a range of $32.75M to $74.85M. PENN's average Quarter net income forecast represents a -28.39% 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 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts333344461263471599131313137777999988
SG&A-------------$406.40M$380.30M$392.90M$263.20M$277.90M$273.80M$295.50M$333.70M$376.50M$316.50M$326.20M$302.10M$317.60M$204.10M$307.00M$304.10M$309.70M
Avg Forecast$453.82M$425.99M$423.76M$435.67M$434.64M$410.51M$411.09M$415.39M$403.04M$393.25M$392.97M$482.28M$363.90M$383.94M$395.59M$438.44M$498.66M$376.60M$379.83M$398.58M$359.49M$359.48M$350.00M$274.90M$257.44M$261.88M$57.75M$292.71M$320.81M$325.07M
High Forecast$467.30M$438.64M$436.35M$448.61M$447.55M$422.71M$423.30M$424.73M$412.53M$397.45M$392.97M$578.74M$373.35M$391.75M$407.34M$526.13M$598.39M$376.60M$379.83M$478.30M$359.49M$359.48M$350.00M$329.89M$257.44M$261.88M$57.75M$292.71M$320.81M$325.07M
Low Forecast$441.45M$414.38M$412.21M$423.79M$422.79M$399.32M$399.88M$403.73M$398.30M$389.06M$392.97M$385.83M$354.45M$375.55M$384.80M$350.75M$398.93M$376.60M$379.83M$318.87M$359.49M$359.48M$350.00M$219.92M$257.44M$261.88M$57.75M$292.71M$320.81M$325.07M
Surprise %-------------1.06%0.96%0.90%0.53%0.74%0.72%0.74%0.93%1.05%0.90%1.19%1.17%1.21%3.53%1.05%0.95%0.95%

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 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts333344461263471599131313137777999988
EPS-------------$-4.80$0.51$3.35$0.13$0.78$0.16$0.31$0.27$0.55$1.27$0.58$0.07$1.02$-1.69$-5.26$-0.80$0.38
Avg Forecast$0.50$0.39$0.41$0.12$0.26$0.13$0.24$-0.01$-0.29$-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$0.52$0.40$0.43$0.13$0.27$0.13$0.25$0.12$-0.20$-0.25$-0.26$-0.57$-0.37$0.49$0.43$0.40$0.44$0.36$0.50$0.43$0.52$0.85$0.97$0.26$0.25$0.53$-2.10$0.26$0.36$0.42
Low Forecast$0.48$0.37$0.40$0.12$0.25$0.12$0.23$-0.10$-0.38$-0.27$-0.28$-0.62$-0.81$0.22$0.40$0.37$0.41$0.36$0.50$0.43$0.52$0.85$0.89$0.26$0.25$0.53$-2.10$0.26$0.36$0.42
Surprise %--------------13.01%1.22%8.79%0.31%2.16%0.32%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
CZRCaesars Entertainment$33.09$48.6346.96%Buy
MGMMGM Resorts$34.77$48.8040.35%Buy
WYNNWynn Resorts$88.68$121.1436.60%Buy
DKNGDraftKings$37.92$49.1329.56%Buy
PENNPENN Entertainment$18.69$21.6015.57%Buy
BYDBoyd Gaming$72.41$76.806.06%Buy

PENN Forecast FAQ

Is PENN Entertainment a good buy?

Yes, according to 25 Wall Street analysts, PENN Entertainment (PENN) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 16 'Buy' recommendations, accounting for 64.00% of PENN's total ratings.

What is PENN's price target?

PENN Entertainment (PENN) average price target is $21.6 with a range of $18 to $28, implying a 15.57% from its last price of $18.69. The data is based on 25 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will PENN Entertainment stock go up soon?

According to Wall Street analysts' prediction for PENN stock, the company can go up by 15.57% (from the last price of $18.69 to the average price target of $21.6), up by 49.81% based on the highest stock price target, and down by -3.69% based on the lowest stock price target.

Can PENN Entertainment stock reach $30?

PENN's average twelve months analyst stock price target of $21.6 does not support the claim that PENN Entertainment can reach $30 in the near future.

What are PENN Entertainment's analysts' financial forecasts?

PENN Entertainment's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $7.03B (high $7.23B, low $6.84B), average EBITDA is $1.14B (high $1.18B, low $1.11B), average net income is $92.36M (high $116.27M, low $76.46M), average SG&A $1.67B (high $1.72B, low $1.63B), and average EPS is $0.607 (high $0.764, low $0.502). PENN's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $7.32B (high $7.54B, low $7.12B), average EBITDA is $1.19B (high $1.23B, low $1.16B), average net income is $216.64M (high $225M, low $208.96M), average SG&A $1.74B (high $1.79B, low $1.69B), and average EPS is $1.42 (high $1.48, low $1.37).

Did the PENN's actual financial results beat the analysts' financial forecasts?

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, beating the average prediction of $1.62B by 0.77%. The company's net income was $222.1M, missing the average estimation of $268M by -17.13%. Apple's SG&A was $1.11B, missing the average forecast of $1.65B by -32.85%. 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 $262.63M by -318.87%. PENN Entertainment's net income was $-725M, missing the average estimation of $56.14M by -1391.08%. 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%