Deep Dive Into DraftKings Stock: Analyst Perspectives (8 Ratings)
Portfolio Pulse from Benzinga Insights
DraftKings (NASDAQ:DKNG) has received mixed analyst ratings over the past quarter, with 8 analysts offering diverse opinions. The average 12-month price target is $45.25, marking a 13.12% increase from the previous target of $40.00. DraftKings has shown significant revenue growth of 57.38% as of September 30, 2023, but struggles with profitability, indicated by a net margin of -35.84% and ROE of -31.11%. The company is active in online sports betting and iGaming, with a strong market presence.
February 13, 2024 | 4:01 pm
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POSITIVE IMPACT
DraftKings has received a range of analyst ratings, with an updated average 12-month price target of $45.25. The company's significant revenue growth contrasts with its profitability challenges.
The mixed analyst ratings with a higher average price target suggest optimism about DraftKings' future stock performance, despite profitability concerns. The significant revenue growth indicates strong business momentum, which could positively impact the stock price in the short term. However, the concerns about profitability and efficiency metrics like ROE and ROA may temper some of the optimism.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100