Form 8-K DraftKings Inc. For: Feb 18
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Go back to Form 8-K DraftKings Inc. For: Feb 18
February 22, 2022 5:25 AM EST
Oppenheimer analyst Jed Kelly lowered the price target on DraftKings Inc. (NASDAQ: DKNG) to $32.00 (from $35.00) while maintaining a Outperform rating.
The analyst comments "We are raising our '23E revenue 15% but lowering our '23E EBITDA $225M, reflecting DKNG investing into an OSB... More
February 22, 2022 12:37 AM EST
Wells Fargo analyst Dan Politzer downgraded DraftKings Inc. (NASDAQ: DKNG) from Overweight to Equal Weight with a price target of $19.00 (from $41.00).
The analyst comments "Our PT is $19 and is based on 3x 2023E EV/Sales (implies ~$16/share) plus $4/share for incremental equity value associated... More
February 18, 2022 8:32 AM EST
Credit Suisse analyst Ben Chaiken reiterated an Outperform rating and $85.00 price target on DraftKings Inc. (NASDAQ: DKNG).
The analyst comments "DKNG reported better than expected 4Q, with revenue of $473m vs our $445m and street $421m. EBITDA loss of $-128m compares to our $-148m. Importantly, DKNG noted that 5 states are currently contribution profit positive, and noted that if no new states were launched they would be EBITDA positive by 4Q22. Considering... More
February 18, 2022 7:54 AM EST
Needham & Company analyst Bernie McTernan reiterated a Buy rating and $46.00 price target on DraftKings Inc. (NASDAQ: DKNG) following results this morning. While the 2022 estimated losses are wider there are "breadcrumbs" for getting into the green, the analyst said.
The analyst commented,... More
