- PENN Entertainment's stock remains under pressure despite improved market conditions.
- Analysts forecast a potential upside of nearly 52% based on current price targets.
- GuruFocus estimates suggest significant upside potential, with GF Value indicating a possible 99.93% increase.
PENN Entertainment Inc. (PENN) has experienced significant volatility amid improving market sentiment driven by hopes for a U.S.-China trade resolution. Nevertheless, PENN shares remain 22.5% lower in 2023, currently trading at $14.91—a stark contrast to its 52-week high of $22.73.
Wall Street Analysts Forecast
According to estimates from 16 financial analysts, the average target price for PENN Entertainment Inc. over the next year is $22.78. The projections range from a high of $30.00 to a low of $16.50. This average target suggests an impressive potential upside of 51.98% from the current trading price of $14.99. To delve deeper into these projections, visit the PENN Entertainment Inc (PENN, Financial) Forecast page.
Brokerage firms have rendered a consensus recommendation for PENN Entertainment Inc. at an average rating of 2.6, which corresponds to a "Hold" position. This recommendation scale extends from 1 to 5, where 1 means Strong Buy and 5 represents Sell.
GuruFocus Estimates: GF Value
According to GuruFocus, the projected GF Value for PENN Entertainment Inc (PENN, Financial) within a year is estimated to be $29.97. This suggests a remarkable potential upside of 99.93% from the current price of $14.99. GF Value is GuruFocus's assessment of the stock's fair value, considering historical trading multiples, past growth, and anticipated business performance. For more comprehensive insights, explore the PENN Entertainment Inc (PENN) Summary page.
