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Stifel raises Penn Entertainment price target to $25

Deals & M&A

Stifel raised its price target for Penn Entertainment from $23 to $25 per share and maintained its buy rating, according to the report. The analyst cited the company’s online casino strategy and reported 362% year-on-year online casino revenue growth in the first quarter. Penn also reduced adjusted EBITDA losses in its digital division by $70m.

The analyst cited online casino growth and reduced digital losses when raising Penn’s price target and maintaining a buy rating.

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Latest reported results

PENN Entertainment NASDAQ: PENN

Quarter ended 30 September 2026

Revenue
USD 1.84bn
Operating income
USD 127.3m10-Q filing 0000921738-26-000028

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