PENN Entertainment's Product Enhancements And ESPN Integration Could Spark 2025 Growth, Says Analyst
Portfolio Pulse from Lekha Gupta
Needham analyst Bernie McTernan sees potential growth for PENN Entertainment due to product enhancements and ESPN integration. PENN's Q3 retail operations adjusted EBITDAR is expected to be $465M-$475M, with improved interactive EBITDA guidance. The analyst maintains a Buy rating with a $26 price target.
October 08, 2024 | 5:59 pm
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PENN Entertainment's Q3 EBITDAR is expected to be $465M-$475M, with improved interactive EBITDA guidance. Analyst sees growth potential from ESPN integration, maintaining a Buy rating with a $26 price target.
The analyst's positive outlook and maintained Buy rating, along with improved EBITDAR guidance and potential growth from ESPN integration, suggest a likely positive short-term impact on PENN's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100