DraftKings Inc. (DKNG) PT Raised to $87 at Goldman Sachs

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March 23, 2021 8:15 AM EDT
Get Alerts DKNG Hot Sheet
Price: $26.14 +2.83%

Rating Summary:
    33 Buy, 8 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Goldman Sachs analyst Stephen Grambling raised the price target on DraftKings Inc. (NASDAQ: DKNG) to $87.00 (from $79.00) while maintaining a Buy rating.

Grambling said they expect a combination of favorable legislation and consumer adoption to drive growth in U.S. online sports betting and internet gambling (i-Gaming) from $900mn/$1.5bn markets today to $39bn/$14bn in 2033, equating to 40%/27% CAGRs for over a decade.


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