5 Analysts On DraftKings Q2 Results: 'Operational Excellence,' 'Widening Its Competitive Gap,' Momentum To Continue
Portfolio Pulse from Chris Katje
DraftKings Inc (NASDAQ:DKNG) shares are trading higher after the company reported better than expected Q2 results. Analysts from Roth MKM, JMP Securities, Susquehanna, Morgan Stanley, and Needham have given their views on the results, with price targets ranging from $20 to $39. The analysts highlighted DraftKings' operational excellence, market share gains, and potential for continued momentum.
August 04, 2023 | 3:51 pm
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DraftKings reported better than expected Q2 results, leading to a rise in its share price. Analysts have given mixed views, with price targets ranging from $20 to $39.
DraftKings reported better than expected Q2 results, which has led to a rise in its share price. The company's operational excellence and market share gains were highlighted by analysts, indicating a positive outlook for the company. However, the range of price targets given by analysts suggests some uncertainty about the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100