PENN Entertainment, Inc. (PENN) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$16.75
Price Target
$19.88
Target Range
$16.00 — $24.00
Analyst Rating
Buy
Forward P/E22.9x
Trailing P/E-2.9x
Forward PEG—
Implied Growth+111.6%
Median Target$19.50
Analyst Spread40.2%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$16
-4.5%
Consensus
$20
+18.7%
Bull Case
$24
+43.3%
PENN Price Target Analysis
Updated May 7, 2026As of May 7, 2026, PENN Entertainment, Inc. (PENN) has a Wall Street consensus price target of $19.88, based on estimates from 47 covering analysts. With the stock currently trading at $16.75, this represents a potential upside of +18.7%. The company has a market capitalization of $2.24B.
Analyst price targets range from a low of $16.00 to a high of $24.00, representing a 40% spread in expectations. The median target of $19.50 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 28 analysts rating the stock as a Buy or Strong Buy,17 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 -2.9x and forward P/E of 22.9x. Analysts expect EPS to grow +111.6% 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+45.3%
Avg Forward P/E32.2x
Peers with Coverage10 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 CZRCaesars Entertainment, Inc. | $5.7B | $27.76 | $30.57 | +10.1% | Buy | — | 30 |
 MGMMGM Resorts International | $9.8B | $38.21 | $39.71 | +3.9% | Buy | 22.2x | 36 |
 BYDBoyd Gaming Corporation | $6.4B | $85.15 | $95.00 | +11.6% | Buy | 11.9x | 38 |
 RRRRed Rock Resorts, Inc. | $3.1B | $52.93 | $71.44 | +35.0% | Buy | 17.2x | 30 |
 CHDNChurchill Downs Incorporated | $6.4B | $92.25 | $144.84 | +57.0% | Buy | 13.2x | 23 |
 STNStantec Inc. | $10.5B | $92.10 | $62.07 | -32.6% | Hold | 20.5x | 18 |
 DKNGDraftKings Inc. | $11.9B | $23.92 | $36.88 | +54.2% | Buy | 94.0x | 48 |
 FLUTFlutter Entertainment plc | $17.3B | $99.11 | $227.86 | +129.9% | Buy | 16.2x | 24 |
 RSIRush Street Interactive, Inc. | $3.0B | $27.86 | $30.40 | +9.1% | Buy | 46.5x | 13 |
 GENIGenius Sports Limited | $1.1B | $4.40 | $12.10 | +175.0% | Buy | 48.4x | 19 |
Upside Potential Comparison
GENIFLUTCHDNDKNGRRRBYDCZRRSISee PENN's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs PENN Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare PENN vs AMZN
Side-by-side business, growth, and profitability comparison vs Amazon.com, Inc..
Start ComparisonPENN — Frequently Asked Questions
Quick answers to the most common questions about buying PENN stock.
What is the PENN stock price target for 2026?
PENN Entertainment, Inc. (PENN) has a consensus 12-month price target of $19.88, implying 18.7% upside from $16.75. The 47 analysts covering PENN see moderate appreciation potential.
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 28 Buy/Strong Buy ratings. The consensus 12-month price target of $19.88 implies 18.7% upside from current levels.
Is PENN stock overvalued or undervalued?
PENN trades at a forward P/E of 22.9232x, representing a moderate valuation. With analysts targeting $19.88 (18.7% 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 $24 for PENN, while the most conservative target is $16. The consensus of $19.88 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, 28 have Buy ratings, 17 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 $19.88, with estimates ranging from $16 (bear case) to $24 (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 22.9x 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?
Wall Street analysts are optimistic on PENN, with a "Buy" consensus rating and $19.88 price target (18.7% upside). 28 of 47 analysts rate it Buy or Strong Buy. 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 $16 to $24, a 40% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $19.88 consensus represents the middle ground.