17 Analysts Have This To Say About DraftKings
Portfolio Pulse from Benzinga Insights
17 analysts have recently shared their evaluations of DraftKings (NASDAQ:DKNG), showing a mix of bullish and bearish perspectives. The average 12-month price target for DKNG has been raised to $49.47, up 13.62% from the previous $43.54, with a high estimate of $60.00 and a low of $28.00. Analysts from firms like UBS, Morgan Stanley, and Barclays have raised their price targets, reflecting optimism about DraftKings's market performance and growth potential. DraftKings, known for its online sports and casino gambling, has shown significant revenue growth of 43.94% as of December 31, 2023, but faces challenges with net margin and ROE below industry averages.
March 05, 2024 | 12:00 pm
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DraftKings has received mixed evaluations from 17 analysts, with an updated average 12-month price target of $49.47, indicating a positive outlook. The company's significant revenue growth and expansion into online sports and casino gambling are key highlights, despite challenges in profitability and efficiency metrics.
The increase in the average price target by analysts, along with the significant revenue growth reported by DraftKings, suggests a positive short-term impact on DKNG's stock price. However, concerns about net margin and ROE may temper some of the optimism. The broad analyst coverage and the adjustments in price targets reflect a strong consensus on the company's growth potential, which is likely to influence investor sentiment positively.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100