DraftKings Stock To Hit New 52-Week Highs? Bullish Analyst On 2025 Guidance, Upside Opportunity
Portfolio Pulse from Chris Katje
DraftKings Inc (NASDAQ:DKNG) is expected to provide updated financial guidance in its third-quarter earnings report. Bank of America analyst Shaun C. Kelley reiterated a Buy rating with a $50 price target, highlighting potential revenue growth and EBITDA protection. Concerns include slower app downloads and unfavorable NFL outcomes.
October 28, 2024 | 10:07 pm
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DraftKings is expected to provide updated financial guidance in its Q3 earnings report. Analyst Shaun C. Kelley reiterated a Buy rating with a $50 price target, citing potential revenue growth and EBITDA protection. Concerns include slower app downloads and unfavorable NFL outcomes.
The analyst's reiteration of a Buy rating and a $50 price target suggests a positive outlook for DraftKings. The potential for revenue growth and EBITDA protection, despite some concerns, indicates a likely positive impact on the stock price in the short term.
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