Deep Dive Into DraftKings Stock: Analyst Perspectives (24 Ratings)
Portfolio Pulse from Benzinga Insights
DraftKings (NASDAQ:DKNG) received mixed ratings from 24 analysts, with a majority being bullish. The average 12-month price target is $53.71, showing a slight increase. Analysts have adjusted their ratings and price targets, reflecting varied sentiments. DraftKings has shown strong revenue growth but faces challenges in profitability and returns.
July 18, 2024 | 6:00 pm
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DraftKings received mixed ratings from 24 analysts, with a majority being bullish. The average 12-month price target is $53.71, showing a slight increase. Analysts have adjusted their ratings and price targets, reflecting varied sentiments. DraftKings has shown strong revenue growth but faces challenges in profitability and returns.
The majority of analysts are bullish on DraftKings, with an average price target showing a slight increase. This positive sentiment, combined with strong revenue growth, is likely to have a short-term positive impact on the stock price. However, challenges in profitability and returns may temper this optimism.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100