DraftKings (DKNG) Reports Q3 Loss of $1.00; raises Guidance

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Go back to DraftKings (DKNG) Reports Q3 Loss of $1.00; raises Guidance

Morgan Stanley Reiterates Overweight Rating on DraftKings Inc. (DKNG)

November 4, 2022 1:08 PM EDT

Morgan Stanley analyst Ed Young reiterated an Overweight rating and $30.00 price target on DraftKings Inc. (NASDAQ: DKNG) following results and the firm's thoughts on cash and guidance.

The analsyt commented, "Investor focus after DraftKings' Q3 results has been on 1/ concern around the FY23... More

DraftKings (DKNG) Stock Falls 15% On Q3 Earnings

November 4, 2022 10:06 AM EDT

DraftKings (NASDAQ: DKNG) stock plunged over 15% at the open Friday following the company's third-quarter results, which saw its top revenue expectations.

The company reported third-quarter revenue of $502 million versus the consensus estimate of $431.02 million, representing a rise of 136% compared to $213 million... More