JP Morgan An optimistic approach has shared Pen entertainment stockThis is expected to experience an important recovery. The favorable forecast was largely due to the pain’s upcoming projects and the presence of the market.
JP Morgan is optimistic about the company’s business future
JP Morgan’s coverage underlines the price target $ 24.00 for penIt is expected to experience an increase of more than 40% Current trade value of $ 16.86 (As the time of this writing). The individual analyst target was a more pessimistic $ 16 to one highly optimistic $ 30.
According to JP Morgan, the pen should reach the price target of $ 24.00 By the end of 2026,
The Finance Corporation blamed a large -scale favorable forecast for the “attractive catalyst path” of Pen Entertainment, stating that the company is on the way to open $ 1 billion new projects alone in the next two years. JP Morgan analysts predicted that the contribution of new locations could significantly affect the revenue of the pen.
In addition to benefiting from its new projects, the market appearance of the pen is another reverse that can help the company to create additional shareholder price. JP Morgan also noted that worker investors could have a major shareholder benefits similarly.
Penn’s experienced investor disagreement
The Q1 results of the pen were quite stable, but showed that the company is still struggling to realize its full potential. While operator $ 1.67 billion revenue Representing the increase, it decreased by a target of $ 1.7 billion. Penn defeated a $ 0.25 defeat for the quarter to defeat the forecast of a loss of $ 0.29. Penn said that it recorded a thin income of $ 0.68 per share in Q1 2024 with a loss of $ 0.76 per share.
In his report, Penn said that it benefited from its Omnichannel strategy and strong player engagement due to its investment in hospitality and entertainment.
Penn said that it completed $ 25 million shares of buyback, reinforcing 1,413,882 shares of its normal stock at an average price of $ 17.67. Penn alone reiterated his target in 2025 to re -recover shares of at least $ 350 million.
Meanwhile, Penn has found himself in hot water Disagree with your investorsThe fight in question focused on the annual shareholder meeting of Penn on June 17, during which the shareholders will choose two members in the company’s board. One of the biggest investors of Penn, HG Vora Capital Management, insists that the pen is Share holder price eliminated $ 11 billion,
After the meeting, shareholders continue Demand course improvement,
