
Penn Entertainment (PENN) Stock Forecast & Price Target
Penn Entertainment (PENN) Analyst Ratings
Bulls say
PENN Entertainment is attractive because its 42-property, 20-state retail base continues to produce low-30s EBITDAR margins and now looks capable of organic growth and margin expansion, as shown by the 4% 2Q26 EBITDAR beat and $476m in EBITDAR, up 21% YoY. The company also raised 2026 guidance to about $5.87bn in retail revenue and roughly $1.963bn in EBITDAR, while its 19% interactive segment is being tightened through disciplined marketing and operating costs rather than aggressive spend. With theScore enhancing sports betting and i-gaming reach, plus new projects like Aurora and Joliet adding earnings leverage, the outlook is supported by a healthier regional gaming backdrop, limited new supply, and improving free cash flow visibility.
Bears say
PENN Entertainment is viewed negatively because its online profit ramp remains slower than expected, and the interactive business faces difficulty scaling profitably despite the company’s broad casino, racetrack, and digital footprint. Weak profitability is a key concern, with the model highlighting inefficient conversion of investments into earnings, while softness in the consumer environment, higher interest rates, and rising costs further pressure margins and demand. Although the retail portfolio supports license access and theScore strengthens its digital position, downside risks from competitive openings, weather disruption, and gaming tax or regulatory changes outweigh these strategic advantages.
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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Penn Entertainment (PENN) Analyst Forecast & Price Prediction
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