Is DraftKings Stock Going to $60? 1 Wall Street Analyst Thinks So. [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Yahoo! Finance
At least, that's the take from one analyst following the stock, who feels that its price could climb 46% over the next year or so. Here's why he thinks the company is well worth a wager. DraftKings has real upside potential Oppenheimer 's Jed Kelly has been quite the DraftKing bull for some time now, and this month he reiterated his sunny stance on the company. He very much rates it a buy at a price target of $60 per share, quite some height above its present level of just above $41. Kelly felt compelled to write a new research note on the gaming company's stock, as it has slid by more than 16% from the 52-week high it reached in late March. He opined that the current softness is due to "mostly optical" factors, including some political rhetoric against gambling legalization (this is an election year, after all). Kelly stated that, meanwhile, "structural fundamentals around player engagement/retention, product, and advertising efficacy remain[s] intact." So for him, the stock i
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News
- NBA, sportsbooks discussing changes to prop bets after Jontay Porter's ban: report [FOX News]FOX News
- 9 places to retire where you can go back to college practically free [Yahoo! Finance]Yahoo! Finance
- DraftKings CEO expands upon customer retention, revenue growth [Yahoo! Finance Canada]Yahoo! Finance Canada
- DraftKings CEO expands upon customer retention, revenue growth [Yahoo! Finance]Yahoo! Finance
- DraftKings Inc. (NASDAQ: DKNG) had its price target raised by analysts at Benchmark Co. from $50.00 to $52.00. They now have a "buy" rating on the stock.MarketBeat
DKNG
Earnings
- 5/2/24 - Beat
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Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 5/3/24 - Form 3
- DKNG's page on the SEC website