The Latest Analyst Ratings for DraftKings
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 24 Wall Street analysts have provided ratings for DraftKings (NASDAQ:DKNG), with an average price target of $43.04, which is higher than the current price of $38.65. The consensus among these analysts is bullish, with 17 giving a bullish rating and 7 somewhat bullish, while none are indifferent, somewhat bearish, or bearish. The average price target has increased by 13.0% over the past month.
November 27, 2023 | 1:00 pm
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POSITIVE IMPACT
Analysts are bullish on DraftKings, with a consensus price target of $43.04, indicating a potential upside from the current price of $38.65. The target has risen by 13% in the past month.
The unanimous bullish sentiment from analysts, combined with an increased price target over the past month, suggests a positive outlook for DraftKings' stock price in the short term. The lack of bearish or even neutral ratings reinforces the strength of the positive sentiment. However, as analyst ratings are forecasts and not guarantees, there is always an element of uncertainty.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100