17 Analysts Have This To Say About DraftKings
Portfolio Pulse from Benzinga Insights
In the past three months, 17 analysts have provided ratings for DraftKings (NASDAQ:DKNG), with a majority being bullish. The average 12-month price target is now $44.76, up from $40.00, with high and low estimates of $50.00 and $28.00 respectively. Analysts have adjusted their ratings and price targets, reflecting their latest views on the company's performance and market conditions. DraftKings has shown significant revenue growth but struggles with profitability, as indicated by a net margin of -35.84% and an ROE of -31.11%. The company is active in online sports betting, iGaming, and operates an NFT marketplace.
January 19, 2024 | 12:00 pm
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DraftKings has received predominantly bullish ratings from analysts, with an increased average price target of $44.76. The company's strong revenue growth is a positive sign, but profitability issues may concern investors.
The bullish sentiment from analysts, reflected in the increased price target, is likely to positively influence investor perception and could lead to a short-term uptick in DKNG's stock price. However, the concerns about profitability and net margin may temper the impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100