Truist Securities has adjusted its price target for Penn Entertainment (PENN, Financial), decreasing it from $23 to $20. Despite this reduction, the firm maintains a Buy rating on the stock, indicating ongoing confidence in its overall potential.
The revised price target comes as Truist expresses concerns over uncertainty linked to tariffs, which has influenced its evaluation of the company's prospects. This uncertainty appears to have diminished the firm's confidence in its previous estimates, prompting a reevaluation of its stance.
However, Truist continues to view the gaming industry, in which Penn Entertainment is a significant player, as one of the more robust segments within a consumer sector that may be facing mixed conditions. This perspective suggests that, although there are external pressures, Penn Entertainment remains well-positioned within its market.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 16 analysts, the average target price for PENN Entertainment Inc (PENN, Financial) is $22.78 with a high estimate of $30.00 and a low estimate of $16.50. The average target implies an upside of 51.98% from the current price of $14.99. More detailed estimate data can be found on the PENN Entertainment Inc (PENN) Forecast page.
Based on the consensus recommendation from 20 brokerage firms, PENN Entertainment Inc's (PENN, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for PENN Entertainment Inc (PENN, Financial) in one year is $29.97, suggesting a upside of 99.93% from the current price of $14.99. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the PENN Entertainment Inc (PENN) Summary page.
