The Analyst Landscape: 17 Takes On DraftKings
Portfolio Pulse from Benzinga Insights
DraftKings (NASDAQ:DKNG) has received mixed analyst ratings over the past three months, with a recent shift towards more bullish sentiments. The average 12-month price target has been raised to $49.59, reflecting a 13.9% increase from the previous target. Analysts from firms like JMP Securities, UBS, and Morgan Stanley have adjusted their ratings and price targets, indicating a positive outlook on DraftKings's performance. The company, known for its online sports and casino gambling services, has shown significant revenue growth and market presence, despite challenges in profitability and asset utilization.
March 25, 2024 | 2:00 pm
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POSITIVE IMPACT
DraftKings has seen a positive shift in analyst ratings, with an increased average 12-month price target of $49.59. This reflects growing confidence in the company's market performance and revenue growth.
The increase in the average 12-month price target for DraftKings, along with positive adjustments in ratings from multiple analysts, suggests a bullish outlook for the stock. The company's significant revenue growth and expansion into new markets contribute to this positive sentiment. However, challenges in profitability and asset utilization may temper gains, hence the importance and confidence scores.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100