Penn National Gaming Inc. ($PENN) Stock Forecast: Up 5.0% Today

What is Penn National Gaming Inc.?

Penn Entertainment (PENN) operates 43 properties across 20 states, primarily focusing on land-based casinos. The company has been contending with issues related to profitability, high leverage, and liquidity.

Why is Penn National Gaming Inc. going up?

PENN stock is up 5.0% on Feb 24, 2026 17:05

• Following the introduction of three new independent directors to its board and a strategic partnership with HG Vora Capital Management, PENN stock witnessed a notable uptrend.
• The diverse backgrounds of the new directors, spanning technology, finance, and gaming industries, coupled with a collaboration with an activist investor, have fostered optimism among investors.
• Market sentiment has responded favorably to these developments, reflecting hopes for enhanced governance, strategic prospects, and shareholder value at PENN.
• The recent bullish trend indicates investor optimism concerning the potential resolution of the company's challenges and the stimulation of future growth amid recent stock declines.

PENN Price Chart

PENN Technical Analysis

PENN News

Penn Entertainment appoints three independent directors

Penn Entertainment has appointed three new independent directors: Heather Ace, Jeffrey Fox, and Fabio Schiavolin, ahead of their investor call. These appointments are part of a cooperation agreement with HG Vora Capital Management, which includes customary voting and standstill provisions. The new directors bring diverse experience from the technology, finance, and gaming sectors.

https://cdcgaming.com/penn-entertainment-appoints-three-independent-directors/

PENN Appoints New Independent Directors to Board

Penn Entertainment (PENN) has appointed three new independent directors to its board and entered a strategic collaboration with HG Vora Capital Management. The company operates 43 properties across 20 states, with land-based casinos generating 85% of its 2024 sales. While Penn Entertainment shows steady revenue growth and potential undervaluation, it faces challenges with profitability, high leverage, and liquidity concerns, indicated by a low Altman Z-Score

https://www.gurufocus.com/news/8642458/penn-appoints-new-independent-directors-to-board

PENN settles with activist investor HG Vora, appoints three new directors

PENN Entertainment has reached a cooperation agreement with activist investor HG Vora Capital Management, appointing three new independent directors to its board. This settlement concludes a months-long proxy fight during which HG Vora, holding a 4.7% stake, had expressed concerns about PENN's stock performance and capital allocation. Shares of PENN have significantly declined since 2021, and the company is set to report its fourth-quarter results soon.

https://www.reuters.com/sustainability/boards-policy-regulation/penn-settles-with-activist-investor-hg-vora-appoints-three-new-directors-2026-02-23/

PENN Entertainment Reaches Cooperation Deal, Adds New Directors

PENN Entertainment has entered into a cooperation agreement with investment firm HG Vora Capital Management and appointed three new independent directors to its board. This move expands the board from eight to eleven members, bringing extensive experience in global gaming, technology, digital infrastructure, finance, and human resources. The agreement also establishes voting and standstill provisions, signaling a collaborative governance framework with the activist shareholder.

https://www.tipranks.com/news/company-announcements/penn-entertainment-reaches-cooperation-deal-adds-new-directors

Penn Entertainment Appoints Three New Independent Directors To Board

Penn Entertainment has announced the appointment of three new independent directors to its board. This brief report, sourced from Reuters via Refinitiv, indicates a change in the company's leadership structure.

https://www.tradingview.com/news/reuters.com,2026:newsml_TUA6CSCR1:0-penn-entertainment-appoints-three-new-independent-directors-to-board/

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Penn National Gaming Inc. Price History

08.00.2026 - PENN Stock was up 5.1%

• The bullish movement in PENN's stock today could be attributed to the company's strategic shift towards strengthening its interactive focus, as highlighted in the recent corporate restructuring announcements.
• Endorsement of PENN as a top gaming stock pick for 2026, based on attractive risk/reward profiles and potential benefits from tax changes and positive valuation fundamentals, might have also contributed to the positive market sentiment.
• Despite years of share price weakness, PENN's undervaluation, as indicated by analysis, could have attracted investors looking for a potential opportunity in the stock.
• The market's reaction to PENN's underperformance compared to competitors on Wednesday might have been overshadowed by the long-term growth prospects outlined in the company's new strategic direction towards digital assets and online casino operations.

13.01.2026 - PENN Stock was down 5.2%

• PENN stock hit a 52-week low at $12.17, reflecting a 38.63% decline over the past year, driven by broader entertainment sector challenges and company-specific issues.
• Analysts have a wide range of price targets for PENN, from $15 to $24, with recent adjustments in price target.
• The upcoming earnings report on February 26th and strategic initiatives are anticipated by investors, amidst insider activity like a significant purchase by the CFO and a sale by a director.
• The price-driven analysis suggests a near-term strong sentiment but highlights persistent mid and long-term weakness, indicating a risk-reward setup that targets a 20.5% gain versus 0.3% risk, with specific AI-generated trading strategies outlined.

12.01.2026 - PENN Stock was down 9.4%

• Price-driven analysis suggests a near-term strong sentiment challenging mid and long-term weakness for PENN. Specific AI-generated trading strategies highlight potential risks and rewards.
• Susquehanna lowered PENN's price target to $17.00 from $20.00, while maintaining a "positive" rating, which indicates a potential upside of 22.5% from the current share price.
• Analysts are divided on PENN's core strategy, with concerns about its ability to turn its casino portfolio and online business into a sustainable profit model. Recent target cuts and market uncertainty reflect this division.
• Insider activity includes a significant purchase by the CFO and a sale by a director. Institutional investors are adjusting their holdings in PENN, contributing to the mixed market sentiment surrounding the stock.

23.01.2026 - PENN Stock was down 5.0%

• The bearish movement in PENN stock today can be attributed to the following factors:
• The appointment of three new independent directors to the board and the strategic collaboration with HG Vora Capital Management may have caused uncertainty among investors about the company's future direction.
• Challenges with profitability, high leverage, and liquidity concerns highlighted elsewhere could have raised concerns about PENN's financial health and long-term sustainability.
• The expansion of the board and the establishment of voting and standstill provisions with an activist shareholder suggest potential governance and strategic changes that investors may view as risky in the short term.
• Overall, the market's reaction to these developments indicates a cautious sentiment towards PENN's ability to address its financial challenges and navigate the competitive landscape in the gaming industry.

17.11.2025 - PENN Stock was up 5.6%

• The bullish movement in PENN's stock today can be attributed to the positive deployment of Jackpot Blitz® electronic poker tables at two of its properties in Mississippi, showcasing the company's commitment to innovation and enhancing customer experience.
• Despite recent poor stock performance and missed earnings expectations, the reinforcement of a Buy rating and the increased stake by Hudson Bay Capital Management LP have instilled confidence in investors, signaling potential growth opportunities in the online gambling sector.
• The strategic leadership changes and post-ESPN Bet strategy shift indicate PENN's proactive approach to adapt to market dynamics, potentially driving future profitability and investor sentiment.
• Overall, the bullish trend in PENN's stock today reflects a mix of strategic partnerships, positive analyst outlook, and potential growth prospects in the online gambling industry, overshadowing previous setbacks and positioning the company for a brighter future.

04.01.2026 - PENN Stock was up 5.8%

• Anticipation is building up among investors for PENN's upcoming Q4 earnings reveal on February 26, specifically focusing on its digital gaming and sports betting divisions.
• Despite recently hitting a 52-week low and receiving a "Hold" rating from brokerages, there is a belief that the stock might be undervalued, potentially contributing to today's positive movement.
• PENN's restructuring efforts post ESPN partnership and the development of Hollywood Casino Aurora, which includes a luxury wellness spa, demonstrate the company's commitment to diversification and improvement of its offerings, positively impacting investor confidence.
• The presence of AI-generated trading strategies indicating a short bias alongside the stock's positive movement hints at conflicting market perspectives, introducing an element of uncertainty regarding the stock's future path.

06.01.2026 - PENN Stock was up 6.7%

• The stock of PENN had a strong bullish movement today despite hitting a 52-week low recently, closing at $12.84.
• The upcoming Q4 earnings reveal on February 26 is highly anticipated as investors seek insights into the company's performance, especially in its digital gaming and sports betting operations.
• The bullish movement could be attributed to market optimism surrounding the potential strategic changes and financial results that will be unveiled during the earnings update.
• Despite receiving a consensus "Hold" rating from brokerages, the positive market sentiment and potential growth opportunities in the digital gaming sector might have influenced the bullish movement of PENN's stock.

15.00.2026 - PENN Stock was up 7.1%

• Analysts project a bright outlook for PENN in 2026, setting a Market Outperform rating and a price target of $24. The termination of the ESPN partnership has fueled expectations for positive performance.
• The company's efforts to restructure its operations for greater efficiency, with a focus on online services and addressing potential activist investor involvement, have resonated well with investors, boosting confidence.
• Strategic initiatives such as enhancing omnichannel tourism experiences, implementing leadership changes, and optimizing product development processes in the Interactive segment have garnered investor approval, contributing to a rise in optimism and stock value.

22.00.2026 - PENN Stock was up 5.6%

• PENN's bullish movement can be attributed to the anticipation and optimism surrounding the company's upcoming fourth-quarter financial results, scheduled to be released on February 26, 2026, along with a conference call and webcast. Investors seem hopeful about the insights that will be provided regarding the company's restructuring efforts and cost-saving initiatives.
• The recent shake-up in PENN's leadership, particularly the restructuring of its Interactive division and the integration of digital operations with retail casinos, has likely contributed to the positive market sentiment. This move aims to enhance operational efficiencies and drive profitability, aligning with investors' expectations for improved performance.
• Despite the stock's significant increase, concerns remain about PENN's quarterly loss expectations and negative earnings estimate revisions. Investors are advised to closely monitor the company's financial results and strategic developments to assess the sustainability of this bullish trend.

18.01.2026 - PENN Stock was up 11.7%

• Despite the recent struggles, PENN experienced a strong bullish movement today.
• A significant investment of $5.79 million in PENN Entertainment by ING Groep NV could have instilled confidence in the stock, leading to increased buying interest.
• Positive valuation metrics, including being 78.5% undervalued and having a low Price-to-Sales ratio, might have attracted investors looking for value opportunities.
• Analysts' cautious optimism, with a consensus "Outperform" recommendation and an average target price suggesting a 35.19% upside, could have also contributed to the bullish movement as investors see potential for growth in the stock.

07.00.2026 - PENN Stock was down 5.2%

• Recently, PENN Entertainment unveiled a corporate restructuring strategy to emphasize its interactive focus, with the objectives of achieving operational efficiencies and enhancing customer engagement. This shift towards online casino operations has generated concerns among investors, contributing to the bearish market sentiment observed.
• Despite being deemed undervalued by Simply Wall St's valuation assessments, apprehensions regarding the company's restructuring efforts and emphasis on digital assets have raised doubts about its future profitability. This market sentiment has subsequently led to the recent bearish movement in the stock.
• The removal of two executive positions within the company, along with the challenging financial environment it faces, including high leverage and underperforming quarterly earnings per share (EPS) forecasts, have heightened investor uncertainties and influenced the stock's decline.
• With brokerages issuing an average "Hold" rating for PENN Entertainment and the company's pursuit of a digital Chief Operating Officer to oversee interactive segment operations, investor sentiment remains mixed. Many investors are taking a cautious approach, waiting to observe the company's future performance before making significant decisions.

24.01.2026 - PENN Stock was up 5.0%

• Following the introduction of three new independent directors to its board and a strategic partnership with HG Vora Capital Management, PENN stock witnessed a notable uptrend.
• The diverse backgrounds of the new directors, spanning technology, finance, and gaming industries, coupled with a collaboration with an activist investor, have fostered optimism among investors.
• Market sentiment has responded favorably to these developments, reflecting hopes for enhanced governance, strategic prospects, and shareholder value at PENN.
• The recent bullish trend indicates investor optimism concerning the potential resolution of the company's challenges and the stimulation of future growth amid recent stock declines.