Penn Entertainment’s digital turnaround story gained another vote of confidence this week as Stifel raised its price target on the company and praised its online casino-focused strategy.
Analyst Jeffrey Stantial increased his target price to $25 from $23 while maintaining a buy rating following meetings with Penn management.
Shares closed Thursday at $21.21, up over 28% over the past year.
“We come away from meetings positive on the setup into 2H26,” Stantial wrote, pointing to healthy retail trends, improving returns from recent casino development projects and what he described as the company’s “nascent iCasino-led Interactive strategy” remaining on track.
