On Nov 11, major Wall Street analysts update their ratings for $DraftKings (DKNG.US)$, with price targets ranging from $50 to $60.
Barclays analyst Brandt Montour maintains with a buy rating, and maintains the target price at $50.
Wells Fargo analyst Daniel Politzer maintains with a buy rating, and maintains the target price at $53.
Needham analyst Bernie McTernan maintains with a buy rating, and maintains the target price at $60.
Truist Financial analyst Barry Jonas maintains with a buy rating.
JMP Securities analyst Jordan Bender maintains with a buy rating, and adjusts the target price from $51 to $52.
Furthermore, according to the comprehensive report, the opinions of $DraftKings (DKNG.US)$'s main analysts recently are as follows:
The company's guidance for Q4 and its projections for 2025 are deemed to be on the conservative side, yet the foundational structural advantages persist.
DraftKings reported Q3 revenue that fell short of the market expectations, alongside an adjusted EBITDA that surpassed consensus. The company reduced its 2024 forecast due to customer favorable results at the beginning of Q4, yet reaffirmed its 2025 adjusted EBITDA outlook. Furthermore, management has highlighted various factors that could potentially provide a boost to its 2025 projections.
Post the Q3 report, it was noted that while company disclosures are showing improvement, there remain questions surrounding its guidance. It's thought that the company's shares are reflecting an expectation of near-flawless performance come 2025.
The recent Q3 outcomes for DraftKings presented few unforeseen developments. Although the Q4 hold impact fell below expectations, this aspect should be perceived with perspective, considering the encouraging prospects set for 2025. The revenue outlook has surpassed anticipations and EBITDA forecasts have been reaffirmed.
Here are the latest investment ratings and price targets for $DraftKings (DKNG.US)$ from 5 analysts:
Note:
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