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Our target price for PENN assumes a target multiple of 9. 6x our 2022 earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) estimate, a slight premium to the stock’s historical average forward multiple given growth optionality from i-casino/sports betting through Barstool,” said Curtis. choctaw casino vince neil That’s at least the third price forecast hike by an analyst covering Penn over the past 10 days. free slots hot shots On May 20, is coushatta casino pet friendlyJPMorgan lifted its target on the Hollywood operator to from . Golden Palace Casino Owner Qdxr Earlier this week, Morgan Stanley increased its projection on Penn to from . Impressive ResurgenceThis month, Penn stock nearly doubled, and its more than eight-fold surge off its March lows is one of the most impressive rebounds among all domestic gaming equities. santa ana casino bowling Much of Wall Street’s and investors’ enthusiasm for the name is attributable to the integration of Barstool Sports, in which the operator acquired a 36 percent stake in January, and the company’s positioning in the booming iGaming market.
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