1 Wall Street Analyst Thinks DraftKings Stock Is Going to $52. Is It a Buy Around $42? [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Yahoo! Finance
The sports betting company's revenue and adjusted operating profit beat the Street's consensus, and management expects more excellent results for the full year. Benchmark Co. analysts maintained a buy rating on the shares but raised the price target from $50 to $52, reflecting the upbeat earnings report. Why buy DraftKings stock The legalization and adoption of online gambling and sports betting continues to play out, as DraftKings launched its online sportsbook in Vermont and North Carolina in the first quarter. New customer acquisitions helped drive revenue up 53% year over year to over $1.1 billion. The high revenue growth is also starting to drive upside to profitability. DraftKings' operating loss significantly narrowed from $389 million in the year-ago quarter to $138 million. Management raised full-year guidance for revenue and adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization). The company's ability to efficiently leverage expenses to g
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News
- Dow Tags 40K. SPX Hits AT High. Here Are 3 Ways To Profit! [Forbes]Forbes
- Cramer's Lightning Round: DraftKings is a buy [CNBC]CNBC
- DraftKings Inc. (NASDAQ: DKNG) had its price target raised by analysts at UBS Group AG from $56.00 to $60.00. They now have a "buy" rating on the stock.MarketBeat
- CFTC Aims To Ban Derivatives Based On Elections, Athletic Competitions And Awards Contests [zero hedge]zero hedge
- Vasiliy Lomachenko vs George Kambosos Jr. live updates: How to watch, stream fight, predictions [USA TODAY]USA TODAY
DKNG
Earnings
- 5/2/24 - Beat
DKNG
Sec Filings
- 5/17/24 - Form 8-K
- 5/15/24 - Form 4
- 5/15/24 - Form 4
- DKNG's page on the SEC website