DraftKings Reports First Quarter Revenue Growth of 53% to $1,175 million; Raises 2024 Revenue Guidance Midpoint to $4.9 Billion and 2024 Adjusted EBITDA Guidance Midpoint to $500 Million

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Go back to DraftKings Reports First Quarter Revenue Growth of 53% to $1,175 million; Raises 2024 Revenue Guidance Midpoint to $4.9 Billion and 2024 Adjusted EBITDA Guidance Midpoint to $500 Million

DraftKings Inc. (DKNG) PT Raised to $55 at BTIG

May 6, 2024 6:48 AM EDT

BTIG analyst Clark Lampen raised the price target on DraftKings Inc. (NASDAQ: DKNG) to $55.00 (from $53.00) while maintaining a Buy rating.

The analyst comments "This morning, we're updating our model for DraftKings and providing some additional commentary on the setup following last week's call. Post-print, our estimates for the year move higher and we believe the setup is conducive to positive revisions over the balance of the year with buy-side expectations for '25/26+ intact or up slightly. Stepping back from the model, there were also very bullish qualitative... More

DraftKings Inc. (DKNG) PT Raised to $57 at Citi

May 6, 2024 5:47 AM EDT

Citi analyst Steven Sheeckutz raised the price target on DraftKings Inc. (NASDAQ: DKNG) to $57.00 (from $53.00) while maintaining a Buy rating.

The analyst comments "DraftKings (DKNG) reported 1Q24 revenue and Adj. EBITDA above the Street. In addition, the firm raised its 2024 outlook. We... More