Bank of America Securities analyst Shaun Kelley maintained a Buy rating on DraftKings (DKNG – Research Report) today. The company’s shares opened today at $40.96.
According to TipRanks, Kelley is a 3-star analyst with an average return of 1.9% and a 47.84% success rate. Kelley covers the Consumer Cyclical sector, focusing on stocks such as Vail Resorts, Penn National Gaming, and Hilton Worldwide Holdings.
DraftKings has an analyst consensus of Strong Buy, with a price target consensus of $52.16, a 27.34% upside from current levels. In a report released yesterday, Oppenheimer also maintained a Buy rating on the stock with a $60.00 price target.
DKNG market cap is currently $35.14B and has a P/E ratio of -23.25.
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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:
- DraftKings and Genius Sports: Goldman Sachs Chooses the Best Sports Betting Stocks
- Lori Kalani to Join DraftKings as First Chief Responsible Gaming Officer
- DraftKings appoints Lori Kalani as chief responsible gaming officer
- Bet On It: Operators gear up for first quarter earnings reports
- DraftKings price target raised to $52 from $50 at Barclays
