Penn National Gaming Inc. ($PENN) Stock Forecast: Up 12.2% Today

What is Penn National Gaming Inc.?

PENN Entertainment Inc. (PENN) is a company in the entertainment and gaming industry, known for its casinos and gaming operations. The stock had a strong bullish movement today, contrary to its recent bearish trend.

Why is Penn National Gaming Inc. going up?

PENN stock is up 12.2% on Apr 23, 2026 14:51

• Despite underperforming compared to competitors in the past few days, today's bullish movement could be attributed to the anticipation and positive sentiment surrounding the upcoming opening of the new Hollywood Casino in Aurora, featuring new restaurants and a range of entertainment options.
• The announcement of securing new credit facilities totaling US$1.45 billion could have also boosted investor confidence in PENN's financial stability and future growth prospects.
• With the upcoming Q1'26 earnings announcement, investors might be optimistic about the company's performance, especially if PENN manages to meet or exceed the estimated EPS of 0.07 USD.
• The recent bearish trend and consecutive days of losses could have triggered a buy-the-dip mentality among investors, leading to today's bullish movement as traders saw an opportunity for potential gains.

PENN Price Chart

PENN Technical Analysis

PENN News

PENN Entertainment Inc. stock underperforms Wednesday when compared to competitors

PENN Entertainment Inc. (PENN) shares fell 4.52% on Wednesday, closing at $14.77, despite a positive trading session for the broader stock market. The NASDAQ Composite Index rose 1.64% and the Dow Jones Industrial Average gained 0.69%. This marked the fourth consecutive day of losses for PENN.

https://www.marketwatch.com/data-news/penn-entertainment-inc-stock-underperforms-wednesday-when-compared-to-competitors-1b336534-c7abb913d69a

New Hollywood Casino Unveils 2 Restaurants

The upcoming Hollywood Casino in Aurora, set to open on June 24th, will feature two new restaurants: Urbanbelly and Tabo Sushi, broadening its culinary offerings. These additions join other food establishments as the $360 million land-based casino prepares to replace its riverboat predecessor, including a "Taste of Hollywood" event on April 25th to showcase some of its new dining options. The new casino complex will also include a hotel, gaming stations, a sports betting operation, a spa, and an event center.

https://patch.com/illinois/aurora/new-hollywood-casino-unveils-2-restaurants

PENN Q1'26 Earnings: EPS estimate is 0.07 USD

PENN Entertainment, Inc. (PENN) is scheduled to announce its Q1'26 earnings on April 23, after the market closes, with disclosure expected at 7:00 AM ET (11:00 AM UTC). Analysts forecast revenue of 1.75 billion USD and an EPS of 0.07 USD for the quarter. The article provides historical revenue and EPS data, including reported and estimated figures, along with surprise percentages for previous quarters.

https://www.tradingview.com/news/tradingview:ed2e307f684ab:0-penn-q1-26-earnings-eps-estimate-is-0-07-usd/

Latham Represents PENN Entertainment, Inc. in Credit Facilities Totaling US$1.45 Billion

Latham & Watkins represented PENN Entertainment, Inc. in securing new credit facilities totaling US$1.45 billion, comprising a US$1 billion revolving credit facility and a US$446.9 million term loan A facility. These funds were utilized to refinance existing debt and will support future working capital and general corporate needs. The Latham team involved partners Emily Johnson and Cindy Caillavet, with additional advice on corporate, tax, and compliance matters.

https://www.lw.com/en/news/latham-represents-penn-entertainment-inc-in-credit-facilities

PENN Entertainment Inc. stock underperforms Tuesday when compared to competitors

Shares of PENN Entertainment Inc. fell 2.34% on Tuesday, closing at $15.47, amidst a broader market decline for both the NASDAQ Composite and the Dow Jones Industrial Average. This marked the third consecutive day of losses for the stock.

https://www.marketwatch.com/data-news/penn-entertainment-inc-stock-underperforms-tuesday-when-compared-to-competitors-823a348e-6937606eb0c6

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Penn National Gaming Inc. Price History

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.

07.03.2026 - PENN Stock was up 5.8%

• SG Americas Securities LLC significantly increased its stake in PENN Entertainment, Inc., indicating confidence in the company's future prospects and potential growth.
• Analysts believe PENN is significantly undervalued compared to its fair value estimate, suggesting a potential upside in the stock price.
• The partnership with Birches Health to expand responsible gaming initiatives showcases PENN's commitment to promoting responsible play, which could enhance its reputation and attract more customers.
• Despite facing challenges such as negative net margins and pressures from online betting operations, the overall positive sentiment around PENN's growth strategies and market position likely contributed to the bullish movement in the stock.

21.03.2026 - PENN Stock was down 2.9%

• An Outperform rating was reiterated for PENN with a price target of $22.00, anticipating robust first-quarter 2026 property EBITDA. However, despite this optimistic forecast, the stock registered a decline.
• Despite successfully refinancing and extending its credit facilities to bolster liquidity and financial flexibility, PENN's stock performance lagged behind peers, ending 1.80% lower.
• Investor reactions to the refinancing news and positive analyst ratings hint at a possible focus on short-term factors or broader market conditions, contributing to the downward movement in PENN's stock price.
• In conclusion, while PENN implemented strategic financial decisions and received favorable ratings, external market influences or investor sentiment likely played a pivotal role in today's bearish stock movement.

02.03.2026 - PENN Stock was down 5.7%

• The bearish movement in PENN's stock today could be due to profit-taking by investors following a recent surge in morning trading.
• Despite strategic expansions and investor opportunities in gaming and iGaming, concerns about the company's near-term profitability in its Interactive operations and debt load may have impacted investor sentiment.
• The upcoming Q1 financial results and conference call on April 23 will be closely monitored by investors for insights on the company's performance, revenue forecasts, and execution of growth plans, potentially affecting future market movements.
• While PENN Entertainment is expanding its casino facilities and digital presence through partnerships like ESPN BET, the market may be cautious due to uncertainties surrounding profitability and debt management alongside growth projects.

31.02.2026 - PENN Stock was up 7.1%

• Strategic expansions and partnerships, such as the one with ESPN BET, are bolstering PENN Entertainment's omnichannel strategy and digital presence, attracting investors and boosting the stock's performance.
• The recent opening of the Hollywood Casino Aurora, a US$360 million investment, and the relocation to a larger site in the Chicagoland area are viewed positively, reinforcing PENN's physical footprint and growth prospects.
• Anticipation surrounding the upcoming release of PENN Entertainment's first-quarter financial results, coupled with optimistic projections by Zacks Investment Research labeling it as a strong growth stock, are likely driving investor confidence and the bullish trend.
• Market sentiment favoring casino stocks, including PENN Entertainment, as noted on MarketBeat's watchlist, is also playing a role in the stock's current upward trajectory, with investors eyeing opportunities in the recovering sector.

31.02.2026 - PENN Stock was up 5.1%

• The strong bullish movement of PENN Entertainment today could be linked to the upcoming release of its first-quarter financial results, creating positive investor anticipation.
• Recognition as a top performer in Q4 earnings and being identified as a strong growth stock by analysts might have further increased investor confidence in PENN's future prospects.
• The company's focus on its Interactive division, expanding its digital presence, and offering exposure to the growing US casino and sports betting market could have attracted more investors to PENN.
• The combination of robust financial performance, optimistic growth outlook, and strategic positioning in the gaming industry likely played a role in the positive market movement of PENN Entertainment today.

27.01.2026 - PENN Stock was up 8.1%

• The company's strong bullish movement today is attributed to an unexpected earnings beat in Q4 2025, driven by the success of its interactive gaming segment under the rebranded theScore Bet.
• PENN Entertainment's settlement with activist investor HG Vora, including the addition of independent directors and reducing governance uncertainty, has also boosted investor sentiment.
• Analysts are cautiously optimistic about PENN's future, highlighting concerns such as high leverage and weak liquidity that could impact the stock in the event of disappointing earnings.
• PENN's emphasis on its omnichannel strategy, disciplined capital allocation, and anticipated cash flow generation in 2026 have likely bolstered investor confidence in the company's growth potential.

23.03.2026 - PENN Stock was up 12.2%

• Despite underperforming compared to competitors in the past few days, today's bullish movement could be attributed to the anticipation and positive sentiment surrounding the upcoming opening of the new Hollywood Casino in Aurora, featuring new restaurants and a range of entertainment options.
• The announcement of securing new credit facilities totaling US$1.45 billion could have also boosted investor confidence in PENN's financial stability and future growth prospects.
• With the upcoming Q1'26 earnings announcement, investors might be optimistic about the company's performance, especially if PENN manages to meet or exceed the estimated EPS of 0.07 USD.
• The recent bearish trend and consecutive days of losses could have triggered a buy-the-dip mentality among investors, leading to today's bullish movement as traders saw an opportunity for potential gains.

26.01.2026 - PENN Stock was up 15.4%

• The upsurge in PENN's stock is attributed to the recent settlement with activist investor HG Vora. This agreement resulted in the addition of independent directors to the board, reducing governance uncertainties and boosting investor confidence.
• Analysts' favorable outlook on PENN's anticipated Q4 revenue growth and improved loss per share forecast for the upcoming earnings report also played a role in driving the bullish momentum.
• Despite the positive outlook, concerns linger regarding the company's high leverage and weak liquidity, posing a potential risk if earnings do not meet expectations.
• PENN's collaboration agreement with HG Vora Capital Management, accompanied by the appointment of seasoned independent directors, indicates a strategic effort to tackle structural issues and bolster corporate governance, reinforcing the optimistic sentiment prevailing in the market.

06.02.2026 - PENN Stock was down 5.7%

• Despite receiving a recent stock upgrade to "Buy," PENN Entertainment experienced a bearish market trend today.
• The company's reduced net loss in the fourth quarter and new governance modifications triggered by activist investor HG Vora Capital were insufficient to counter the negative market sentiment, resulting in the downward trajectory.
• The insider purchasing by Director Jane Scaccetti and the stock being labeled as undervalued by InvestingPro were unable to halt the bearish movement, suggesting a prevailing negative market outlook overruled individual positive signals.
• Discrepancies between the company's recent short-term gains and long-term share price decrease, as brought to light by Simply Wall St, likely contributed to investor hesitancy and the prevailing bearish market conditions.

27.02.2026 - PENN Stock was down 5.3%

• A financial institution has expressed positive sentiment towards PENN, maintaining a Buy rating and target price of $22, indicating positive expectations for the company's stock performance.
• PENN recently reported a revenue increase of 8.2% year-on-year, but the market response may have been negative due to concerns about the company's historical underperformance relative to its competitors and ongoing net losses.
• The market appears wary of PENN's current market price of $13.67 compared to the estimated fair value of $79.65 per share, which may have led to the bearish movement as investors remain unsure about the company's true value and future prospects.
• Investors might be adopting a cautious approach towards PENN's expansion projects and new financing, waiting to see if these initiatives will result in improved financial performance and shareholder returns before fully committing to a positive outlook.

12.02.2026 - PENN Stock was up 5.7%

• The rise in PENN's stock value today is influenced by various factors:
• Noteworthy financial performance for the fourth quarter and full year of 2025, demonstrating expansion in retail casino operations and progress in the online gaming sector, which involved rebranding the online sportsbook as theScore Bet.
• Despite encountering challenges like negative net margins and significant debt-to-equity ratios, the company's efforts to cut costs, enhance performance in the retail arm, and maintain a solid liquidity position have bolstered investor confidence.
• Institutional ownership stands at a high 91.7%, indicating sustained interest from major investors, notwithstanding some selling actions by entities such as BW Gestao de Investimentos Ltda. and Quantbot Technologies LP.
• PENN's strategic focus on digital growth objectives, with plans to reach breakeven in the online business by 2026, and recent board changes associated with activist investor HG Vora have positively influenced investor sentiment towards PENN's stock.