Can DraftKings Hold The Crown? Analyst Predicts Big 2026 Revenue Goals, Market Share Expansion
Portfolio Pulse from Chris Katje
Bank of America analyst Shaun C. Kelley has given a Buy rating to DraftKings Inc (NASDAQ:DKNG) with a price target of $40. Kelley predicts that DraftKings could raise its long-term revenue guidance by +30% with higher market share and a larger total addressable market. He also expects the company to provide 2026 targets of $6.1 to $6.5 billion in revenue and $1.1 to $1.3 billion in EBITDA. DraftKings shares are currently trading at $35.82, up 223% year-to-date in 2023.
November 08, 2023 | 7:45 pm
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DraftKings has received a Buy rating from Bank of America analyst Shaun C. Kelley, with a price target of $40. The company's shares are currently trading at $35.82, up 223% year-to-date in 2023.
The positive rating from the Bank of America analyst, along with the prediction of increased revenue and EBITDA targets, could potentially drive the stock price up in the short term. The company's strong performance year-to-date also indicates a positive trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100