PENN Entertainment (PENN) Stock Forecast & Price Target

$18.48

-0.04 (-0.22%)

(As of 10/14/2024 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

$23.68
28.13% Upside

According to the 16 analysts' twelve-month price targets for PENN Entertainment, the average price target is $23.68. The highest price target for PENN is $32.00, while the lowest price target for PENN is $17.50. The average price target represents a forecasted upside of 28.13% from the current price of $18.48.

PENN Analyst Ratings Over Time

Type	Current Forecast 10/16/23 to 10/15/24	1 Month Ago 9/16/23 to 9/15/24	3 Months Ago 7/18/23 to 7/17/24	1 Year Ago 10/16/22 to 10/16/23
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)	8 Buy rating(s)
Hold	8 Hold rating(s)	9 Hold rating(s)	8 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	$23.68	$23.77	$25.03	$35.95
Forecasted Upside	28.13% Upside	19.43% Upside	28.77% Upside	74.67% Upside
Consensus Rating	Moderate Buy	Hold	Moderate Buy	Hold

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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	2.57	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	28.13% Upside	1,223.04% Upside	6.21% 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
10/8/2024	Craig Hallum 3 of 5 stars	R. Sigdahl Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$30.00 ➝ $30.00	+56.49%
10/8/2024	Needham & Company LLC 2 of 5 stars		Reiterated Rating	Buy ➝ Buy	$26.00 ➝ $26.00	+40.01%
10/4/2024	JMP Securities 2 of 5 stars		Reiterated Rating	Market Perform
9/4/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$21.00 ➝ $20.00	+9.65%
8/9/2024	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$26.00 ➝ $26.00	+42.54%
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%
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8/9/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$22.00 ➝ $23.00	+22.86%
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
6/21/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Positive ➝ Positive	$26.00 ➝ $26.00	+32.99%
6/14/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$23.00 ➝ $25.00	+43.93%
5/13/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$28.00 ➝ $17.50	+8.83%
5/3/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$21.00 ➝ $18.00	+18.97%
5/3/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold
5/3/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$29.00 ➝ $32.00	+113.33%
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%
11/4/2022	CBRE Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$57.00 ➝ $54.00	+73.35%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 08:24 AM 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 $23.68, with a high forecast of $32.00 and a low forecast of $17.50.
: 16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PENN Entertainment in the last twelve months. There are currently 8 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PENN shares.
: According to analysts, PENN Entertainment's stock has a predicted upside of 28.13% based on their 12-month stock forecasts.
: PENN Entertainment has been rated by research analysts at Barclays, Craig Hallum, Deutsche Bank Aktiengesellschaft, JMP Securities, Macquarie, Morgan Stanley, Needham & Company LLC, and Stifel Nicolaus 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 2.57. Learn more on how PENN compares to other companies.

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This page (NASDAQ:PENN) was last updated on 10/15/2024 by MarketBeat.com Staff

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PENN Entertainment (PENN) Stock Forecast & Price Target