DraftKings Inc. (DKNG) PT Lowered to $48 at Stifel, 'remaining a Stifel select list idea'

DraftKings Inc. (DKNG) PT Lowered to $50 at Truist Securities

Truist 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 $48 at BMO Capital

BMO Capital analyst Brian J. Pitz lowered the price target on DraftKings Inc. (NASDAQ: DKNG) to $48.00 (from $54.00) while maintaining a Outperform rating.

The analyst commented, "DKNG printed a soft 2Q24 with revenue/Adj. EBITDA that was 1.0%/5.5% below consensus. FY24 guidance was mixed,... More

DraftKings Inc. (DKNG) PT Lowered to $51 at Guggenheim

Guggenheim 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

CFRA 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

DraftKings Inc. (DKNG) PT Lowered to $41 at Benchmark

Benchmark analyst Mike Hickey lowered the price target on DraftKings Inc. (NASDAQ: DKNG) to $41.00 (from $52.00) while maintaining a Buy rating.... More

DraftKings (DKNG) Tops Q2 EPS by 23c

DraftKings (NASDAQ: DKNG) reported Q2 EPS of $0.22, $0.23 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.11 billion.

GUIDANCE:

DraftKings sees 2024 revenue of $5.05-5.25 billion, versus the consensus of $5 billion.

Fiscal Year 2024 and 2025... More

DraftKings (DKNG) Reports Q2, Announces $1B Share Buyback

DraftKings Inc. (Nasdaq: DKNG) (DraftKings or the Company) today announced results for the second quarter of 2024 and that its Board of Directors authorized the repurchase of an aggregate of up to $1.0 billion of its Class A common stock. The Company also posted a second quarter 2024 business update and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com.

Second Quarter 2024 Highlights
For the three months ended June 30, 2024, DraftKings reported revenue of $1,104 million, an increase of $230 million, or 26%, compared to $875 million during the same... More

DraftKings (DKNG) call put ratio 3.1 calls to 1 put into quarter results

DraftKings (NASDAQ: DKNG) August call option implied volatility is at 222, September is at 79; compared to its 52-week range of 37 to 77 into expected release of quarter results before the bell on August 2. Call put ratio 3.1 calls to 1 put with a focus on August 2 weekly 36 calls.