Where PENN Entertainment Stands With Analysts
Portfolio Pulse from Benzinga Insights
PENN Entertainment has seen a diverse range of analyst ratings over the last three months, with a recent negative shift in sentiment as evidenced by a 5.26% decrease in the average price target to $26.12. Analysts from firms like Barclays, Morgan Stanley, and Mizuho have adjusted their ratings and price targets, reflecting changing market conditions and company performance. PENN's financial performance shows challenges, including a -12.0% revenue growth decline and below-average net margin and ROE. The company operates 43 properties across 20 states, with 89% of sales from land-based casinos and 11% from interactive segments.
April 19, 2024 | 3:01 pm
News sentiment analysis
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NEGATIVE IMPACT
PENN Entertainment's stock may face short-term pressure due to a negative shift in analyst sentiment and a decrease in the average price target. Financial challenges, including a significant revenue decline and below-average profitability metrics, could further impact investor confidence.
The decrease in the average price target by analysts, coupled with PENN's reported financial challenges such as a -12.0% revenue growth decline and below-average profitability metrics, suggests a bearish outlook for the stock in the short term. Analyst ratings are a key driver of investor sentiment, and the recent adjustments indicate a less favorable view of PENN's market standing and financial health.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100