DraftKings Reports Second Quarter Revenue Growth of 26% to $1,104 Million; Announces $1.0 Billion Inaugural Share Repurchase Authorization
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DraftKings Inc. (DKNG) PT Lowered to $48 at Stifel, 'remaining a Stifel select list idea'
August 5, 2024 5:16 AM EDTStifel analyst Jeff Stantial lowered the price target on DraftKings Inc. (NASDAQ: DKNG) to $48.00 (from $50.00) while maintaining a Buy rating.
The analyst comments "We initially highlighted a difficult to predict reaction to Thursday's earnings report, with DKNG ultimately selling off -10% in a... More
DraftKings Inc. (DKNG) PT Lowered to $50 at Truist Securities
August 2, 2024 3:28 PM EDTTruist Securities analyst Barry Jonas lowered the price target on DraftKings Inc. (NASDAQ: DKNG) to $50.00 (from $53.00) while maintaining a Buy rating.
The analyst comments "Following a rare miss/guide down, we see 2H ests as derisked while mgmt is well positioned to... More
DraftKings Inc. (DKNG) PT Lowered to $51 at Guggenheim
August 2, 2024 1:21 PM EDTGuggenheim analyst Curry Baker lowered the price target on DraftKings Inc. (NASDAQ: DKNG) to $51.00 (from $52.00) while maintaining a Buy rating.
The analyst comments "We have updated our model for DKNG's 2Q24 earnings and updated outlook. DraftKings reported 2Q revenue of $1,104mm (up 26% y/y)... More
CFRA Upgrades DraftKings Inc. (DKNG) to Buy
August 2, 2024 10:33 AM EDTCFRA analyst Zachary Warring upgraded DraftKings Inc. (NASDAQ: DKNG) from Hold to Buy with a price target of $42.00.
The analyst comments "We maintain our 12-month price target of $42, based on 4.1x our 2024 revenue estimate and slightly higher than peers of 3.7x, reflecting a clean balance... More
