Penn National Gaming (NASDAQ: PENN) analyst has issued a Street-high price target and laid out a case for shares of the sports betting stock to hit $300 if everything goes perfect.
Remember this ? :) PENN, gaming/Barstools......$$$$$$$$ we use the same EV/EBITDA multiple for Flutter and assign a 25% valuation discount, we arrive at a projected share price of $187 to $233 for PENN by 2023 to 2025.
We will probably beat this, will arrive $200+ earlier: Last year my PENN post...fast forward, $PENN gaming/Barstools......$$$$$$$$ we use the same EV/EBITDA multiple for Flutter and assign a 25% valuation discount, we arrive at a projected share price of $187 to $233 for PENN by 2023 to 2025.