Goldman Sachs Reiterates Buy Rating on PENN Entertainment
Goldman Sachs has reaffirmed its buy rating on PENN Entertainment with a price target of $26, a 21.72% upside from the current price.
Key Points
- Goldman Sachs reiterated its buy rating on PENN Entertainment, Inc. (PENN) with a $26 price target on June 26, 2026.
- Goldman Sachs's $26 price target implies 21.72% upside from PENN Entertainment, Inc.'s ($PENN) current $21.36 share price.
- Shares of PENN traded near $21.71 on Friday, with a market cap of about $2.82 billion and a forward P/E of 12.76.
- Other analysts like Truist Securities and Stifel also maintain buy ratings with targets of $25, while insiders made recent transactions.
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Goldman Sachs has reiterated its buy rating on PENN Entertainment, Inc. (NasdaqGS:PENN) with a price target of $26. This reaffirmation came on June 26, 2026, from analyst Lizzie Dove.
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PENN Entertainment, Inc. Stock Up 23.0%
Shares of NasdaqGS:PENN traded near $21.71 on Friday. PENN Entertainment has a market cap of approximately $2.82 billion and a forward P/E ratio of 12.76. The stock's 52-week range is between $11.65 and $22.36, with a 50-day moving average of $18.18 and a 200-day moving average of $16.02. The company has a beta of 1.454, indicating higher volatility compared to the market. Its balance sheet shows a current ratio of 0.82 and a quick ratio of 0.67, with a debt-to-equity ratio of 614.49.
$PENN price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
In its most recent earnings report, PENN Entertainment posted revenue of about $7.07 billion, reflecting a growth rate of 6.4%. However, the company recorded a net margin of -13.5% and a return on equity of -40.1%, indicating some financial challenges. The next earnings report is expected on April 23, 2026.
Insider Buying and Selling at PENN Entertainment, Inc.
Several insiders at PENN Entertainment have made recent transactions. CEO and President Jay Snowden sold 108,063 shares at an average price of $14.70 on March 10, 2026, while also buying 92,968 shares on the same day. Other insiders, including Jeffrey Fox, Fabio Schiavolin, and Heather Ace, made transactions in early March, with Schiavolin and Ace purchasing 17,077 shares each.
Analysts Set New Price Targets
On June 26, 2026, Goldman Sachs reiterated its buy rating with a $26 price target. Truist Securities also maintained its buy rating with a $25 target. Stifel echoed this sentiment, reaffirming a buy rating and a $25 target on June 12, 2026. The consensus among analysts is a buy recommendation, with an average target price of $20.61 based on 18 opinions.
About PENN Entertainment
PENN Entertainment, Inc., headquartered in Wyomissing, Pennsylvania, is a major player in the consumer cyclical sector, specifically in resorts and casinos. The company offers integrated entertainment services, including casino gaming and sports content, across the United States and internationally. PENN operates through several segments, including Northeast, South, West, Midwest, and Interactive, managing a variety of brands such as Ameristar, Argosy, Boomtown, and Hollywood Casino. Founded in 1972, the company is led by CEO Jay A. Snowden and employs over 23,000 people.
Bottom Line
Goldman Sachs' reaffirmation of its buy rating on PENN Entertainment with a $26 target suggests confidence in the company's future performance. Investors track these updates closely as they provide insights into market sentiment. However, it's important to remember that this analyst update is based on past data and may not reflect current conditions.
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