Expert Ratings For DraftKings
Portfolio Pulse from Benzinga Insights
Analyst ratings for DraftKings (NASDAQ:DKNG) show a mix of bullish to bearish sentiments, with recent actions mostly positive, raising price targets and maintaining high ratings. The average 12-month price target is now $53.3, up from $47.24, indicating a positive outlook. DraftKings has shown significant revenue growth and market expansion but faces challenges in profitability and efficiency metrics.
May 03, 2024 | 6:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Analysts are bullish on DraftKings, with a significant number raising their price targets and maintaining positive ratings. The company's revenue growth outpaces sector averages, but profitability and efficiency remain concerns.
The positive shift in analyst ratings and increased price targets suggest a bullish outlook for DraftKings in the short term. The company's strong revenue growth indicates potential for future profitability, which could drive stock prices up. However, concerns about net margin, ROE, and ROA highlight underlying challenges that could temper gains.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100