After-hours movers: PENN surges on EPSN sports betting deal, Upstart sinks following results
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Penn National Gaming (PENN) Menioned Positively at Roth/MKM: 'Major Upside Potential'
August 10, 2023 7:22 AM EDTRoth/MKM analyst Edward Engel reiterated a Buy rating and $38.00 price target on Penn National Gaming (NASDAQ: PENN).
The analyst comments "We believe PENN's legacy land-based business is worth $19/share, which assumes a 13% yield on PENN's normalized land-based FCF of $400M. At... More
DraftKings (DKNG) cut at JPMorgan as shares slide in response to Penn-ESPN deal
August 9, 2023 1:31 PM EDTDraftKings (NASDAQ: DKNG) was raised to neutral from Underweight at JPMorgan on Wednesday, with analyst Joseph Greff maintaining a $26 price target on the stock.
Greff told investors in a note that they are moving their rating on the stock to Neutral following the... More
Marqeta (MQ) jumps following results and Cash App deal that removes 'significant overhang'
August 9, 2023 7:29 AM EDTShares of Marqeta, Inc. (NASDAQ: MQ) rose 19% in pre-open trading Wednesday after posting solid second quarter results and securing a four-year contract extension with Block's (NYSE: SQ) Cash App.
Revenue for the card issuing platform rose 24% to $231 million, while total processing volume rose 33% to $54 billion. The revenue number... More
