Should I Buy PENN? PENN 2026 Analysis

Should You Buy PENN Entertainment Inc (PENN) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

13.410

1 Day change

8.23%

52 Week Range

23.080

Analysis Updated At

2026/01/30

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PENN is not a good buy right now for an impatient investor. The stock is in a clear bearish trend (stacked bearish moving averages and weakening MACD), is breaking/pressuring near-term support in pre-market (~13.05 vs S1 13.281), and there is no Intellectia buy-type signal to justify stepping in immediately. Options positioning looks moderately bullish (call-skewed), but it is not strong enough to override the deteriorating price trend and mixed-to-cautious Wall Street stance. Best call: HOLD (don’t buy here).

Technical Analysis

Trend/structure: Bearish. Moving averages are stacked bearishly (SMA_200 > SMA_20 > SMA_5), signaling a sustained downtrend. Momentum: MACD histogram is negative (-0.0964) and expanding lower, implying downside momentum is strengthening rather than stabilizing. RSI: RSI_6 at 27.85 indicates the stock is near oversold/washed-out short term, but oversold can persist in downtrends; it’s not a buy signal by itself. Key levels: Pivot 14.009 is well above pre-market (~13.05), showing price is trading below the pivot zone. Support S1 13.281 is being threatened/broken pre-market; next support is S2 12.832. Near-term resistance levels are 14.737 (R1) and 15.186 (R2). Pattern-based odds: Similar-pattern stats imply only modest upside expectation (about +0.47% next day, +1.32% next week, +2.79% next month), which is not compelling given the bearish tape.

Intellectia Proprietary Trading Signals

AI Stock Picker: no signal on given stock today.
SwingMax: No signal on given stock recently.

Options Data

Bullish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

Positioning/sentiment: Put-call ratios are low on both open interest (0.41) and volume (0.49), which is generally bullish (more call positioning than puts). Activity: Today’s option volume (4,101) is below the 30-day average (74.12% of avg), so bullish skew exists but participation isn’t surging. Volatility: 30D IV ~50.47 vs historical vol ~57.06; IV percentile ~34.8 and IV rank ~32.1 suggest options are not extremely expensive relative to the past year—sentiment is constructive, but not signaling panic or a major event bid. Takeaway: Options lean bullish, but without a price reversal setup and with momentum still deteriorating, it reads more like “speculative dip interest” than a confirmed bottom.

Technical Summary

Sell

Buy

Positive Catalysts

on 2026-02-26 pre-market could re-rate the stock if losses narrow materially or guidance improves.

Neutral/Negative Catalysts

is below/near S1 (13.281); failure to reclaim this area increases odds of testing S2 (12.832).

Financial Performance

Latest quarter: 2025/Q3. Revenue: $1.717B, up +4.76% YoY (steady, not high-growth). Profitability: Net income remains deeply negative (-$864.6M) and EPS is still very weak (-6.03). While the YoY change rates are shown as “up” sharply, the absolute level still indicates heavy losses. Margins: Gross margin improved to 32.12 (+14.47% YoY), a constructive operational sign, but not yet translating into positive earnings. Bottom line: Improving margin/revenue trends, but the loss profile remains a major overhang for near-term buyers.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Recent trend: Mixed and slightly cautious.

Morgan Stanley (2026-01-16): PT cut to $15 from $17; Equal Weight, citing muted sector fundamentals.
Jefferies (2025-12-24): PT raised to $17; Hold.
Citi (2025-11-20): Initiated Neutral; PT $15.
Wells Fargo (2025-11-17): Initiated Underweight; PT $15; negative on regional gaming and execution.
Needham (2025-11-07): Downgraded to Hold (removed $22 PT) after ESPN partnership termination; wants more clarity on the new digital approach.
Offsetting positives: CBRE and Stifel upgraded to Buy, with Stifel highlighting a potential “value unlock” post-ESPN exit; Mizuho and JMP stayed constructive (Outperform). Wall Street pros: Potential digital loss reduction and ‘reset’ narrative; stable retail casino base in some markets. Wall Street cons: Skepticism that interactive can drive enough growth; execution credibility questions; sector fundamentals described as muted. Influential/political trading: No recent Congress trading data available.

PENN Should I Buy