PENN Entertainment, Inc. (PENN) Price Target Analysis
Updated Jul 2, 2026
Analyst Rating: Buy
Based on 47 analysts8.9% Below Target
PENN trades 8.9% below Wall Street's consensus target of $22.63.
Current Price$20.78
Average Target$22.63
Target
Current
Low$17.00
Median$23.00
High$28.00
Analyst Target Range
Forward P/E28.4x
(Growth Premium)
PEG Ratio—
Implied Growth+110.2%
(High Growth)
Analyst Spread48.6%
(Moderate)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes PENN achieves its forward estimates and maintains a stable P/E multiple of 28.4x. This scenario reflects the blended consensus of 47 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
PENN Price Target Analysis
Updated July 8, 2026As of July 8, 2026, PENN Entertainment, Inc. (PENN) has a Wall Street consensus price target of $22.63, based on estimates from 47 covering analysts. With the stock currently trading at $20.78, this represents a potential upside of +8.9%. The company has a market capitalization of $2.78B.
Analyst price targets range from a low of $17.00 to a high of $28.00, representing a 49% spread in expectations. The median target of $23.00 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 29 analysts rating the stock as a Buy or Strong Buy,16 rating it Hold, and 2 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, PENN trades at a trailing P/E of -3.6x and forward P/E of 28.4x. Analysts expect EPS to grow +110.2% over the next year.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Consumer Cyclical stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
+21.7%
Industry Consensus
Avg Forward P/E
34.9x
(Growth Premium)
Peers with Coverage
10 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 CZRCaesars Entertainment, Inc. | $6.2B | $30.35 | $31.71 | +4.5% | Hold | — | 31 |
 MGMMGM Resorts International | $11.9B | $46.64 | $43.22 | -7.3% | Buy | 27.4x | 37 |
 BYDBoyd Gaming Corporation | $6.6B | $88.67 | $92.89 | +4.8% | Buy | 12.4x | 38 |
 RRRRed Rock Resorts, Inc. | $3.9B | $66.16 | $71.10 | +7.5% | Buy | 23.6x | 30 |
 CHDNChurchill Downs Incorporated | $6.0B | $86.23 | $145.00 | +68.2% | Buy | 12.4x | 23 |
 STNStantec Inc. | $7.7B | $67.62 | $62.07 | -8.2% | Hold | 15.5x | 18 |
 DKNGDraftKings Inc. | $13.3B | $26.91 | $35.65 | +32.5% | Buy | 115.0x | 48 |
 FLUTFlutter Entertainment plc | $18.8B | $108.35 | $190.19 | +75.5% | Buy | 18.7x | 24 |
 RSIRush Street Interactive, Inc. | $3.5B | $32.31 | $30.40 | -5.9% | Buy | 53.8x | 13 |
 GENIGenius Sports Limited | $1.7B | $6.47 | $9.40 | +45.3% | Buy | — | 19 |
PENN — Frequently Asked Questions
Quick answers to the most common questions about buying PENN stock.
What is the PENN stock price target for 2026?
The consensus price target for PENN is $22.63, close to the current price of $20.78 (8.9% implied move). Based on 47 analyst estimates, the stock appears fairly valued near current levels.
Is PENN a buy, sell, or hold?
PENN has a consensus rating of "Buy" based on 47 Wall Street analysts. The rating breakdown is predominantly bullish, with 29 Buy/Strong Buy ratings. The consensus 12-month price target of $22.63 implies 8.9% upside from current levels.
Is PENN stock overvalued or undervalued?
PENN trades at a forward P/E of 28.3841x, representing a moderate valuation. With analysts targeting $22.63 (8.9% implied move), the stock appears reasonably valued with upside.
How high can PENN stock go?
The most bullish Wall Street analyst has a price target of $28 for PENN, while the most conservative target is $17. The consensus of $22.63 represents the median expectation. These targets typically reflect 12-month expectations.
How many analysts cover PENN stock?
PENN is heavily covered by Wall Street, with 47 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 29 have Buy ratings, 16 recommend Hold, and 2 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the PENN stock forecast?
The 12-month PENN stock forecast based on 47 Wall Street analysts shows a consensus price target of $22.63, with estimates ranging from $17 (bear case) to $28 (bull case). The median consensus rating is "Buy".
What is PENN's forward P/E ratio?
PENN trades at a forward P/E ratio of 28.4x based on next-twelve-months earnings estimates. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy PENN stock?
PENN appears fairly valued according to analysts, with a "Buy" rating and minimal upside to the $22.63 target. Consider your investment thesis and risk tolerance. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do PENN price targets vary so much?
PENN analyst price targets range from $17 to $28, a 49% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $22.63 consensus represents the middle ground.
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