What Analysts Are Saying About PENN Entertainment Stock
Portfolio Pulse from Benzinga Insights
Analysts have diverse opinions on PENN Entertainment (NASDAQ:PENN), with recent evaluations showing a mix of bullish to bearish sentiments. The average 12-month price target is $26.83, down from $29.00, indicating a negative outlook. PENN's financial performance shows challenges, including a -12.0% revenue decline and below-industry benchmarks in profitability and debt management. The company operates 43 properties across 20 states, with a significant portion of sales from land-based casinos.
March 26, 2024 | 3:00 pm
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NEGATIVE IMPACT
PENN Entertainment faces mixed analyst sentiments, with a downward revision in the average price target to $26.83 from $29.00, indicating potential short-term pressure on the stock price.
The reduction in the average price target by analysts, combined with the reported financial challenges such as a significant revenue decline and below-average profitability metrics, suggests a bearish outlook for PENN in the short term. Analyst ratings and price targets are influential factors for stock performance, and a downward revision typically leads to negative investor sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100