UPDATE: Benchmark Starts DraftKings Inc. (DKNG) at Buy

July 31, 2020 6:15 AM EDT
Get Alerts DKNG Hot Sheet
Price: $48.52 -2.55%

Rating Summary:
    21 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 11 | New: 8
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(Updated - July 31, 2020 7:29 AM EDT)

(updated to add analyst comments)

Benchmark analyst Mike Hickey initiates coverage on DraftKings Inc. (NASDAQ: DKNG) with a Buy rating and a price target of $47.00.

The analyst commented, "We are initiating coverage on DraftKings (NASDAQ: DKNG) with a Buy rating and $47 price target. DKNG is a vertically integrated digital sports entertainment and gaming company that provides online daily fantasy sports (DFS), online sports betting (OSB) and iGaming. Our positive view is based on DKNG's leading brand and market share in DFS, a potentially massive and accelerating addressable market from OSB and iGaming state legalization initiatives, and solid financial position."

For an analyst ratings summary and ratings history on DraftKings Inc. click here. For more ratings news on DraftKings Inc. click here.

Shares of DraftKings Inc. closed at $34.79 yesterday.


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Analyst Comments, New Coverage