DraftKings Inc. (DKNG) PT Raised to $87 at Goldman Sachs
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Price: $26.17 +4.55%
Rating Summary:
33 Buy, 8 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
33 Buy, 8 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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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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