Penn National Gaming (PENN) PT Raised to 'Street High' $153 at Goldman Sachs

March 23, 2021 8:14 AM EDT
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Price: $100.59 -1.92%

Rating Summary:
    18 Buy, 10 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 8 | New: 31
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Goldman Sachs analyst Stephen Grambling raised the price target on Penn National Gaming (NASDAQ: PENN) to a 'Street High' $153.00 (from $139.00) while maintaining a Buy rating.

Grambling said they expect a combination of favorable legislation and consumer adoption to drive growth in U.S. online sports betting and internet gambling (i-Gaming) from $900mn/$1.5bn markets today to $39bn/$14bn in 2033, equating to 40%/27% CAGRs for over a decade.

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