PENN trades 58.1% below Wall Street's consensus target of $24.60.
Last 12 months price action with 12-month analyst target path
The base valuation assumes PENN achieves its forward estimates and maintains a stable P/E multiple of 18.2x. This scenario reflects the blended consensus of 47 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of September 24, 2026, PENN Entertainment, Inc. (PENN) has a Wall Street consensus price target of $24.60, based on estimates from 47 covering analysts. With the stock currently trading at $15.56, this represents a potential upside of +58.1%. The company has a market capitalization of $2.08B.
Analyst price targets range from a low of $17.00 to a high of $28.00, representing a 45% spread in expectations. The median target of $25.50 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 -2.7x and forward P/E of 18.2x. Analysts expect EPS to grow +112.9% over the next year.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 CZRCaesars Entertainment, Inc. | $6.0B | $29.61 | $31.11 | +5.1% | Hold | — | 31 |
 MGMMGM Resorts International | $9.5B | $37.85 | $48.03 | +26.9% | Buy | 20.6x | 37 |
 BYDBoyd Gaming Corporation | $5.2B | $71.74 | $91.63 | +27.7% | Buy | 9.9x | 38 |
 RRRRed Rock Resorts, Inc. | $3.0B | $50.90 | $71.40 | +40.3% | Buy | 18.8x | 30 |
 CHDNChurchill Downs Incorporated | $5.6B | $80.46 | $132.00 | +64.1% | Buy | 11.6x | 23 |
 STNStantec Inc. | $8.1B | $70.68 | $62.07 | -12.2% | Hold | 16.0x | 18 |
 DKNGDraftKings Inc. | $10.5B | $21.25 | $33.56 | +57.9% | Buy | 181.2x | 48 |
 FLUTFlutter Entertainment plc | $14.9B | $85.89 | $134.14 | +56.2% | Buy | 17.7x | 25 |
 RSIRush Street Interactive, Inc. | $2.4B | $20.56 | $35.00 | +70.2% | Buy | 33.2x | 13 |
 GENIGenius Sports Limited | $1.6B | $6.12 | $9.85 | +60.9% | Buy | — | 19 |
Quick answers to the most common questions about buying PENN stock.
The consensus Wall Street price target for PENN is $24.6, representing 58.1% upside from the current price of $15.56. With 47 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
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 $24.6 implies 58.1% upside from current levels.
With a forward P/E of 18.233x, PENN trades at a relatively low valuation. The consensus target of $24.6 implies 58.1% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $28 for PENN, while the most conservative target is $17. The consensus of $24.6 represents the median expectation. These targets typically reflect 12-month expectations.
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.
The 12-month PENN stock forecast based on 47 Wall Street analysts shows a consensus price target of $24.6, with estimates ranging from $17 (bear case) to $28 (bull case). The median consensus rating is "Buy".
PENN trades at a forward P/E ratio of 18.2x 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.
Wall Street analysts are very optimistic on PENN, with a "Buy" consensus rating and $24.6 price target (58.1% upside). 29 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.
PENN analyst price targets range from $17 to $28, a 45% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $24.6 consensus represents the middle ground.
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