PENN Entertainment (PENN) Stock Forecast & Price Target

$20.90 -0.33 (-1.55%)

(As of 12:45 PM ET)

PENN Entertainment - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 16 Analyst Ratings

Sell
0

Hold
8

Buy
8

Based on 16 Wall Street analysts who have issued ratings for PENN Entertainment in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 16 analysts, 8 have given a hold rating, and 8 have given a buy rating for PENN.

Consensus Price Target

$23.29
11.41% Upside

According to the 16 analysts' twelve-month price targets for PENN Entertainment, the average price target is $23.29. The highest price target for PENN is $30.00, while the lowest price target for PENN is $19.00. The average price target represents a forecasted upside of 11.41% from the current price of $20.90.

PENN Analyst Ratings Over Time

Type	Current Forecast 11/15/23 to 11/14/24	1 Month Ago 10/16/23 to 10/15/24	3 Months Ago 8/17/23 to 8/16/24	1 Year Ago 11/15/22 to 11/15/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	8 Buy rating(s)	7 Buy rating(s)
Hold	8 Hold rating(s)	8 Hold rating(s)	9 Hold rating(s)	10 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$23.29	$23.68	$23.83	$33.94
Forecasted Upside	11.41% Upside	27.92% Upside	23.87% Upside	39.12% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Hold

Bill Gates’s Next Big AI Bet: Stargate (Ad)

In February 2016… when almost nobody was talking about artificial intelligence…. I picked Nvidia as one of my favorite stocks. Shares have jumped by more than 20,000% since then.

I believe we are about to do it again with this new AI project called Stargate

PENN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PENN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

PENN Entertainment Stock vs. The Competition

Type	PENN Entertainment	Consumer Discretionary Companies	S&P 500
Consensus Rating Score	2.50	2.56	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	11.41% Upside	1,171.64% Upside	8.54% Upside
News Sentiment Rating	Positive News See Recent PENN News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/13/2024	Bank of America 4 of 5 stars		Initiated Coverage	Neutral	$22.00	+2.14%
11/8/2024	Macquarie 2 of 5 stars		Boost Target	Outperform ➝ Outperform	$26.00 ➝ $27.00	+31.71%
11/8/2024	Benchmark 2 of 5 stars		Reiterated Rating	Hold
11/8/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$26.00 ➝ $26.00	+28.59%
11/4/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Positive ➝ Positive	$26.00 ➝ $25.00	+29.07%
10/23/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$25.00 ➝ $23.00	+23.13%
DeFi Coin on Verge of Breakout! (Ad) The blueprint for millionaires is here. Don't let this be the missed opportunity you regret for years. Claim your FREE book now before it's too late!
10/22/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$20.00 ➝ $19.00	+2.21%
10/22/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$25.00 ➝ $24.00	+30.43%
10/17/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$18.00 ➝ $20.00	+7.70%
10/17/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$23.00 ➝ $22.00	+18.15%
10/8/2024	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Sigdahl Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$30.00 ➝ $30.00	+56.49%
10/4/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform
8/9/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$18.00 ➝ $20.00	+12.74%
8/9/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$19.00 ➝ $20.00	+6.84%
6/25/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
4/29/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$32.00 ➝ $28.00	+61.29%
10/12/2023	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Equal Weight	$25.00	+15.37%
5/2/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Engel Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
5/2/2023	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$35.00 ➝ $40.00	+31.02%
2/3/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$50.00 ➝ $46.00	+37.23%
2/3/2023	MKM Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$33.00 ➝ $35.00	+3.18%
1/9/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$50.00 ➝ $34.00	+12.14%
11/28/2022	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral	$38.00 ➝ $39.00	+11.49%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 01:08 PM ET.

PENN Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for PENN Entertainment is $23.29, with a high forecast of $30.00 and a low forecast of $19.00.
: 16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PENN Entertainment in the last year. There are currently 8 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PENN shares.
: According to analysts, PENN Entertainment's stock has a predicted upside of 11.41% based on their 12-month stock forecasts.
: PENN Entertainment has been rated by research analysts at Bank of America, Barclays, Benchmark, Craig Hallum, JMP Securities, Macquarie, Mizuho, Morgan Stanley, Needham & Company LLC, Susquehanna, Truist Financial, and Wells Fargo & Company in the past 90 days.
: Analysts like PENN Entertainment less than other "consumer discretionary" companies. The consensus rating score for PENN Entertainment is 2.50 while the average consensus rating score for "consumer discretionary" companies is 2.56. Learn more on how PENN compares to other companies.

Stock Forecasts and Research Tools

Related Companies

Today's Ratings

Top Rated Stocks

More Ratings Tools

Blackrock’s Sending THIS Crypto Higher on Purpose (Ad)

It's a groundbreaking opportunity that could be poised for extraordinary gains. The catalyst behind this surge is a massive new blockchain development…

YES, I WANT THE #1 CRYPTO NOW

This page (NASDAQ:PENN) was last updated on 11/14/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

Get Started with MarketBeat

	Read Your Daily Newsletter
	Check Out My MarketBeat
	Watch Our Tutorial Videos
	Add a Stock to Your Watchlist
	Set Up an Instant Alert
	View a Company's Profile Page
	View Our Financial Calendars
	View Today's Analyst Ratings

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

PENN Entertainment (PENN) Stock Forecast & Price Target