Barclays Reaffirms Their Buy Rating on DraftKings (DKNG)

Barclays analyst Brandt Montour maintained a Buy rating on DraftKings (DKNG – Research Report) today and set a price target of $52.00. The company’s shares closed yesterday at $41.64.

According to TipRanks, Montour is a 4-star analyst with an average return of 9.2% and a 51.27% success rate. Montour covers the Consumer Cyclical sector, focusing on stocks such as MGM Resorts, Royal Caribbean, and Wynn Resorts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for DraftKings with a $52.15 average price target, which is a 25.24% upside from current levels. In a report released on April 16, Goldman Sachs also initiated coverage with a Buy rating on the stock with a $60.00 price target.

DKNG market cap is currently $36.09B and has a P/E ratio of -23.87.

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DraftKings (DKNG) Company Description:

DraftKings is a leading gaming and digital sports entertainment company. It offers a wide range of online products, including sports betting (known as “Sportsbook”), online casino games (“iGaming”), and daily fantasy sports (“DFS”). Additionally, it provides retail sportsbook services, media content, and various consumer products. It also designs and develops software for sports betting and casino gaming.