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'Portnoy momentum' can drive Penn National 25% higher, Stifel says - Business Insider

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'Portnoy momentum' can drive Penn National 25% higher, Stifel says

surge more than 165% year-to-date is set to continue as "sports-betting euphoria" continues into fall, Stifel said in a note on Wednesday.

"The recent launch of the Barstool Sportsbook app coupled with other sports betting "announcements" should allow the shares to continue riding the sports betting euphoria wave higher," Stifel said. The new estimates from Stifel is what drove its decision to raise its price target on Penn National from $47 to $85, representing potential upside of 25% from Wednesday's close.

"Here's the thing: nobody is going to be proven right or wrong about the size/profitability of those segments [sports betting] for years to come, given those markets remain in their infancy and won't mature for 10+ years," Stifel explained, adding that any positive news flow around sports betting should continue to push shares higher.Legendary options trader Tony Saliba famously put together 70 straight months of profits greater than $100,000.

 

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stoolpresidente Jack mackinit

stoolpresidente Just played golf with an old timer who used to have Lee Trevino work for him (34$ a week) He was telling me Titanic Thomson stories! I was blown away!!! Barstool would be a great place to introduce people to the greatest gambler ever!!!

stoolpresidente Can also dive 60% lower, I say.

stoolpresidente $AMMX $8.4MM market cap, $5.4MM in revenues in Q3 so far

stoolpresidente I got money in it, Dave. Keep the gravy train going.

stoolpresidente $DKNG hit top

stoolpresidente Modern fundamental analysis: Today is ThePortnoyMomentum, in 1999 it was eyeballsgrowth This is pure entertainment

stoolpresidente He does not care about anyone but himself. Of course he going to tout this worthless stock

stoolpresidente Blizzy__J

stoolpresidente I will buy under $50 in October. This is the blowoff top for $Penn and DaveyDayTrader. Love Dave, but it will be back to football and away from stocks very soon. Stocks going down...

stoolpresidente it used to be “Go Pres Go!” Now it’s “Portnoy Momentum”

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