DraftKings Reports First Quarter Revenue of $417 Million; First Quarter B2C Segment Revenue Increases 44% YOY and Company-Wide Adjusted EBITDA Exceeds Midpoint of Guidance by More Than 12%

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Go back to DraftKings Reports First Quarter Revenue of $417 Million; First Quarter B2C Segment Revenue Increases 44% YOY and Company-Wide Adjusted EBITDA Exceeds Midpoint of Guidance by More Than 12%

DraftKings Inc. (DKNG) PT Lowered to $25 at Northland Capital Markets

May 9, 2022 9:00 AM EDT

Northland Capital Markets analyst Greg Gibas lowered the price target on DraftKings Inc. (NASDAQ: DKNG) to $25.00 (from $40.00) while maintaining a Outperform rating.

The analyst comments "DKNG reported strong Q1 results on Friday highlighted by a beat on the top & bottom line, accompanied by increased 2022... More

Morgan Stanley Pounds Table on DraftKings Inc. (DKNG), Reiterates Top Pick Status, PT $31

May 6, 2022 2:09 PM EDT

Morgan Stanley analyst Thomas Allen reiterated an Overweight rating and $31.00 price target on DraftKings Inc. (NASDAQ: DKNG).

The analyst comments "We forecast legal US sports betting & iGaming to increase from... More