10 Best Stocks to Buy According to Billionaire David Einhorn

6. PENN Entertainment, Inc. (NASDAQ:PENN)

Greenlight Capital’s Stake Value: $113.9 million

Number of Hedge Fund Holders: 51

PENN Entertainment, Inc. (NASDAQ:PENN) offers integrated entertainment, sports content, and casino gaming experiences.  Jason Tilchen from Canaccord Genuity maintained a “Buy” rating on the company’s stock with a price objective of $28.00. The analyst’s rating was backed by factors demonstrating the company’s potential for growth and profitability. PENN Entertainment, Inc. (NASDAQ:PENN) reported healthy Q4 2024 results, as its diverse geographic presence in land-based casinos and improved digital platform supported to counteract elevated competition in certain markets.

Furthermore, the research firm believes that the company’s growth projects, like the new Hollywood Casino Joliet and other developments, remain on track to improve its regional casino business. These factors, together with a stable retail outlook as well as strategic initiatives, offer an attractive risk/reward opportunity for investors. PENN Entertainment, Inc. (NASDAQ:PENN) highlighted that the success of its iCasino business was aided by the continued healthy momentum from the recent launches of its standalone Hollywood Casino app in Pennsylvania and Michigan. Elsewhere, analyst Bernie McTernan of Needham maintained a “Buy” rating on the company’s stock. The analyst believes that the partnership between PENN Entertainment, Inc. (NASDAQ:PENN) and Disney, mainly through ESPN Bet, still possesses the potential for creating shareholder value.