Oppenheimer analyst Jed Kelly maintained a Buy rating on DraftKings (DKNG – Research Report) today and set a price target of $60.00. The company’s shares closed last Friday at $40.68.
Kelly covers the Consumer Cyclical sector, focusing on stocks such as DraftKings, Expedia, and Booking Holdings. According to TipRanks, Kelly has an average return of 0.0% and a 42.73% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for DraftKings with a $52.23 average price target, a 28.39% upside from current levels. In a report released on April 19, Barclays also maintained a Buy rating on the stock with a $52.00 price target.
The company has a one-year high of $49.57 and a one-year low of $20.26. Currently, DraftKings has an average volume of 11.79M.
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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.
Read More on DKNG:
- Bet On It: Operators gear up for first quarter earnings reports
- DraftKings price target raised to $52 from $50 at Barclays
- DraftKings Stock (NASDAQ:DKNG): Analyst Sees More Room for Growth
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- DraftKings initiated with a Buy at Goldman Sachs
