Analyst Shaun Kelley notes ESPN Bet's top 2 position in free...

Moomoo AI Nov 20, 2023 23:27

Analyst Shaun Kelley notes ESPN Bet's top 2 position in free iOS apps draws customers. Encouraging signs emerge from co-marketing deals, possibly generating a 6-7% online sports betting share for PENN. Each 1% share equals about $2 per PENN stock. A $30 price aim is seen as modest, considering ESPN Bet's $7-$15 potential per share range.

Penn Entertainment Rallies With ESPN Bet off to a Hot Start

Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates. Read more

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