PENN Entertainment, Inc. (NASDAQ:PENN) Stock Has Consensus Target Price of $23.61

Posted by Brenda Bartman on Nov 9th, 2026

Shares of PENN Entertainment, Inc. (NASDAQ:PENN – Get Free Report) have been assigned an average rating of “Moderate Buy” from the twenty-one research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $23.56.

A number of equities research analysts have weighed in on the company. Needham & Company LLC restated a “hold” rating on shares of PENN Entertainment in a research report on Friday. Piper Sandler upgraded PENN Entertainment from a “neutral” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Tuesday, October 13th. JPMorgan Chase & Co. lowered their price target on PENN Entertainment from $27.00 to $24.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 20th. Citigroup reissued a “market outperform” rating on shares of PENN Entertainment in a research note on Tuesday, October 13th. Finally, Bank of America upped their price objective on PENN Entertainment from $18.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, July 20th.

Get Our Latest Analysis on PENN Entertainment

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Nykredit A S acquired a new stake in PENN Entertainment during the 2nd quarter worth about $25,000. Eurizon Capital SGR S.p.A. purchased a new stake in PENN Entertainment during the third quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of PENN Entertainment in the second quarter worth about $66,000. Versant Capital Management Inc boosted its holdings in shares of PENN Entertainment by 29.6% in the third quarter. Versant Capital Management Inc now owns 3,513 shares of the company’s stock worth $51,000 after buying an additional 803 shares during the period. Finally, IFP Advisors Inc boosted its holdings in shares of PENN Entertainment by 103.1% in the third quarter. IFP Advisors Inc now owns 3,920 shares of the company’s stock worth $57,000 after buying an additional 1,990 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

PENN Entertainment News Summary

Here are the key news stories impacting PENN Entertainment this week:

Positive Sentiment: PENN reported third-quarter adjusted earnings of $0.32 per share, above analysts’ estimates, while revenue of $1.84 billion was roughly in line and increased 7.1% year over year. The company swung to a profit from a loss in the year-ago quarter. PENN Entertainment reports third-quarter results
Positive Sentiment: Reports highlighted growth from U.S. iCasino and Canada, alongside improved revenue and adjusted EBITDA. The second tower at M Resort is also continuing to contribute to revenue. These trends support the case for continued digital and property-level growth. U.S. iCasino and Canada drive growth
Positive Sentiment: Wells Fargo raised its price target to $23 from $22, while keeping an “equal weight” rating. The higher target is supportive, though the unchanged rating signals a neutral analyst stance. Wells Fargo rating and price-target update
Neutral Sentiment: PENN is reportedly not prioritizing acquisitions, suggesting management is focusing on its existing business rather than pursuing deals. The impact depends on execution and the returns from organic growth. PENN is not prioritizing acquisitions
Neutral Sentiment: A renewed push for gambling in Texas may follow the midterm elections, but this remains a potential future opportunity rather than an immediate revenue driver. Texas gambling push after the midterm elections
Negative Sentiment: Gaming-sector sentiment was pressured by DraftKings’ sharp decline after its outlook disappointed investors, with coverage also reporting declines for PENN and other operators. Concerns about competition and spending on prediction markets could weigh on perceptions of the broader online betting industry. Gaming stocks fall amid DraftKings outlook concerns

PENN Entertainment Stock Performance

Shares of NASDAQ:PENN opened at $17.43 on Monday. The company has a 50 day moving average of $16.01 and a 200-day moving average of $16.86. The firm has a market cap of $2.34 billion, a P/E ratio of -193.65, a P/E/G ratio of 0.45 and a beta of 1.40. PENN Entertainment has a twelve month low of $11.65 and a twelve month high of $22.36. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 3.69.

PENN Entertainment (NASDAQ:PENN – Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.15. PENN Entertainment had a negative net margin of 0.13% and a positive return on equity of 6.99%. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period last year, the firm posted ($0.22) earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. As a group, analysts anticipate that PENN Entertainment will post 1.20 earnings per share for the current fiscal year.

About PENN Entertainment

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PENN Entertainment, Inc is a North American provider of integrated entertainment, gaming and sports betting. The company operates casinos, racetracks and video gaming terminals, offering slot machines, table games, poker, sports wagering, hotel accommodations, restaurants, entertainment venues and other amenities.

PENN’s portfolio includes regional gaming properties operating under brands such as Hollywood Casino, Ameristar, L’Auberge and M Resort. Its land-based operations serve customers across numerous U.S.