DraftKings Analysts Raise Their Forecasts Following Strong Q2 Earnings
Portfolio Pulse from Lisa Levin
DraftKings Inc (NASDAQ:DKNG) reported Q2 revenue of $874.93 million, up 88% YoY, beating the Street consensus estimate of $759.55 million. Adjusted EPS was 14 cents, also beating the Street consensus estimate of a loss of 25 cents per share. Following the strong earnings, several analysts raised their price targets on DraftKings. The company's shares gained 5.8% to close at $31.74 on Friday and added 1.8% in pre-market trading.
August 07, 2023 | 11:34 am
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DraftKings reported strong Q2 earnings, beating estimates, which led to a rise in its stock price and analysts raising their price targets.
DraftKings' strong Q2 earnings beat estimates, which is a positive signal for the company's financial health. This has led to a rise in its stock price and analysts raising their price targets, indicating a positive outlook for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100