Truist Securities Rates PENN Entertainment (PENN) buy
Analyst Barry Jonas maintains an optimistic view on the casino operator, aligning with several other bullish calls on Wall Street, a 17.04% upside from the current price.
Reviewed by automated data checks against the source data. How we make and check alerts
Truist Securities rated PENN Entertainment, Inc. ($PENN) "buy" with a $25 price target on June 26, 2026.
Since the rating, $PENN is down 3.3% after 1 week, down 3.2% after 1 month and down 31.7% to date (from the $21.88 close on Jun 26, 2026).
PENN
PENN Entertainment, Inc.
Key Points
- Truist Securities reiterated a buy rating on PENN Entertainment with a $25.00 price target on June 26, 2026.
- Truist Securities's $25 price target implies 17.04% upside from PENN Entertainment, Inc.'s ($PENN) current $21.36 share price.
- PENN's stock was trading at $21.36, which is near the upper end of its 52-week range of $11.65 to $22.36.
- Wall Street sentiment remains generally positive, with 19 analysts giving PENN a consensus buy recommendation and a mean price target of $24.39.
Get $PENN trade alerts by text
We text you when insiders, Congress or big funds trade $PENN. Free.
Not investment advice. EarningsIQ is not a registered investment adviser, and this automated PENN Entertainment, Inc. alert may contain errors. Disclosures
Truist Securities analyst Barry Jonas confirmed his buy rating for PENN Entertainment, Inc. (NASDAQ: PENN) on June 26, 2026. The firm set a price target of $25.00 for the gaming company, suggesting notable room for growth from its recent trading levels.
Truist Securities vs. the S&P 500
Hypothetical returns from Truist Securities's disclosed trades, not real profit or advice. How we model this.
Where Truist Stands in the Wall Street Crowd
Truist's positive stance is part of a mixed but generally optimistic outlook from major financial institutions. For instance, Barclays maintained an overweight rating on October 9, 2026, and nudged its price target up to $27.00. Deutsche Bank also showed confidence on October 6, 2026, upgrading the stock to a buy and targeting $25.00. Citizens supported a similar view on July 16, 2026, keeping a market outperform rating with a $26.00 target, while Macquarie maintained an outperform rating with a $25.00 target on August 7, 2026. Susquehanna was even more bullish back on July 1, 2026, when it kept a buy rating and set a target of $28.00.
However, not everyone is quite as bullish. Citigroup took a more cautious route on October 12, 2026, maintaining its neutral stance and dropping its price target to $17.00. Morgan Stanley kept an equal-weight rating on August 12, 2026, with a target of $20.00. B of A Securities held a neutral rating as of July 20, 2026, with a target of $22.00, while Benchmark maintained a buy rating on August 7, 2026, with a $22.00 target. Out of 19 analyst opinions, the consensus recommendation remains a buy, with an average target price of $24.39.
PENN Stock Performance Trends
On Friday, PENN shares were valued at $21.36. The stock has shown strong momentum recently, trading above its 50-day moving average of $18.90 and its 200-day moving average of $16.69. This upward trend puts the current price close to the top of its 52-week trading range, which spans from a low of $11.65 to a high of $22.36.
$PENN price target
PENN Entertainment, Inc. daily closes and this analyst's $25 target. Not advice.
Recent Earnings
PENN reported annual revenue of $7.16 billion, representing a modest revenue growth of 5.2%. However, the company has struggled with profitability, reporting a negative net margin of -12.66% and a return on equity of -37.58%. Because of its negative earnings per share of -$6.23, the company does not have a meaningful price-to-earnings ratio. Looking ahead, the company's forward price-to-earnings ratio is about 13.5. Shareholders will find out more about the company's financial recovery when it releases its next quarterly earnings report on November 5, 2026.
Inside PENN Entertainment
PENN Entertainment runs casino properties, racetracks, and digital betting platforms. It manages physical gaming venues under recognizable brands like Hollywood Casino and Ameristar, while also running digital platforms such as theScore Bet. Founded in 1972, the Wyomissing, Pennsylvania-based company has adapted to the growing online gaming market to reach customers beyond its traditional physical resorts.
Future Outlook for PENN
With the stock trading near its yearly highs, investors will likely focus on whether the company can turn its digital expansion into consistent profits. The upcoming November 5, 2026, earnings release will provide critical clues on profit margins and digital user growth. Observers will also watch to see if other analysts adjust their targets to match the more optimistic $25.00 to $28.00 range set by Truist and Susquehanna.
Related Filing Alerts
Source: Truist Securities's rating change on $PENN (Jun 26, 2026). Written by software, not financial advice. How we make alerts