|Bid||52.84 x 1000|
|Ask||52.77 x 3200|
|Day's Range||50.94 - 53.17|
|52 Week Range||3.75 - 54.72|
|Beta (5Y Monthly)||2.58|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 29, 2020 - Nov 02, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||47.50|
On Thursday, Goldman Sachs initiated coverage of Penn National Gaming with a buy rating and $60 price target, implying a 20% upside from current levels, as it sees the gaming company “at the cross-section of a rapidly rebounding regional casino space and inflecting growth in sports betting.” Of Penn’s partnership with Barstool Sports, Goldman thinks Barstool’s “embedded customer base and content creation engine will drive one of the lowest customer acquisition costs in the industry,” which will pay off for Penn.
Jon Najarian spoke on CNBC's "Fast Money Halftime Report" about Penn National Gaming, Inc (NASDAQ: PENN). The stock was initiated as a Buy at Goldman Sachs on Thursday and it moved sharply higher.Najarian has a long position in the name, but he decided to take of a half of his position on Thursday because calls that he owned would expire on Friday. He would love to set up a long-term position in Penn National Gaming because he thinks that it could double in a year.Josh Brown said that Walmart Inc (NYSE: WMT) has been a great stock, dating back before the pandemic, when the management decided to become serious about e-commerce. Brown believes that Walmart wins if people continue to buy online or decide to return to shops. He likes the stock.See more from Benzinga * 'Fast Money Halftime Report' Picks For August 13: UBer, Thermo And More * 'Fast Money Halftime Report' Picks From August 12: Ollie;s, Zimmer Biomet And More * Cramer Shares His Thoughts On Flir Systems, Trinseo And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Penn National Gaming has been ripping higher. Goldman Sachs is looking for Penn to get $60. Here's how the charts line up for that.