PENN Entertainment (NASDAQ:PENN) Price Target Raised to $22.00

Posted by Geri Gentry on Jul 23rd, 2026

PENN Entertainment (NASDAQ:PENN – Free Report) had its price objective hoisted by Bank of America from $18.00 to $22.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other brokerages also recently weighed in on PENN. JPMorgan Chase & Co. increased their target price on shares of PENN Entertainment from $23.00 to $26.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Susquehanna boosted their price target on PENN Entertainment from $24.00 to $28.00 and gave the company a “positive” rating in a research report on Wednesday, July 1st. Stifel Nicolaus upped their price objective on PENN Entertainment from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, June 12th. Barclays increased their price objective on PENN Entertainment from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Finally, Zacks Research upgraded PENN Entertainment from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $22.59.

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PENN Entertainment Stock Performance

Shares of PENN Entertainment stock opened at $20.93 on Monday. The firm’s fifty day simple moving average is $19.99 and its 200-day simple moving average is $16.48. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of -3.11, a PEG ratio of 0.40 and a beta of 1.42. PENN Entertainment has a 12 month low of $11.65 and a 12 month high of $22.36. The company has a debt-to-equity ratio of 3.94, a current ratio of 0.82 and a quick ratio of 0.82.

PENN Entertainment (NASDAQ:PENN – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. PENN Entertainment had a negative net margin of 13.55% and a positive return on equity of 0.44%. The firm had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the prior year, the business earned $0.68 EPS. PENN Entertainment’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, equities analysts forecast that PENN Entertainment will post 1.39 earnings per share for the current year.

Institutional Investors Weigh In On PENN Entertainment

A number of hedge funds have recently added to or reduced their stakes in PENN. Quarry LP acquired a new position in PENN Entertainment during the 4th quarter worth approximately $36,000. IFP Advisors Inc lifted its holdings in shares of PENN Entertainment by 76.2% in the 4th quarter. IFP Advisors Inc now owns 2,766 shares of the company’s stock valued at $41,000 after buying an additional 1,196 shares during the period. Modus Advisors LLC purchased a new stake in shares of PENN Entertainment in the fourth quarter valued at approximately $47,000. Triumph Capital Management acquired a new position in PENN Entertainment during the third quarter worth $54,000. Finally, Hantz Financial Services Inc. grew its holdings in PENN Entertainment by 385.1% during the fourth quarter. Hantz Financial Services Inc. now owns 3,721 shares of the company’s stock worth $55,000 after acquiring an additional 2,954 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

About PENN Entertainment

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PENN Entertainment, Inc (NASDAQ: PENN) is a leading operator of gaming and racing facilities in the United States. The company’s business activities encompass land-based casinos, pari-mutuel racetracks, off-track wagering, and ancillary amenities such as hotels, restaurants and entertainment venues. In August 2022, the company rebranded from Penn National Gaming to PENN Entertainment to reflect its expanding footprint across digital and traditional segments of the gaming industry.

The company’s portfolio includes well-known properties under the Hollywood Casino and Ameristar Casino brands, located across multiple states including Pennsylvania, Ohio, Missouri and West Virginia.