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

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.

You May Also Be Interested In

• Goldman Sachs Upgrades Plains GP Holdings, L.P (PAGP) to Neutral
• Tokio Marine Holdings, Inc (8766:JP) (TKOMY) PT Lowered to JPY8,400 at Nomura/Instinet
• Suntory Beverage & Food Ltd (2587:JP) (STBFY) PT Lowered to JPY4,600 at Nomura/Instinet