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TD Cowen Maintains DraftKings(DKNG.US) With Buy Rating, Raises Target Price to $55

Futu News ·  Nov 13 17:36  · Ratings

TD Cowen analyst Lance Vitanza maintains $DraftKings (DKNG.US)$ with a buy rating, and adjusts the target price from $50 to $55.

According to TipRanks data, the analyst has a success rate of 57.9% and a total average return of 35.6% over the past year.

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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 the year 2025 is deemed to be on the cautious side, yet the underlying structural hold tailwinds are still present.

  • The firm noted that despite revenue falling slightly short of expectations, growth remained strong due to a substantial year-over-year rise in active customers and a decrease in Customer Acquisition Cost, which contributed to an improved EBITDA margin.

  • DraftKings exhibited a better-than-expected performance in Q3, with favorable outcomes stemming from robust player acquisition and retention, expansion into new jurisdictions, and the integration of Jackpocket. It's viewed as a particularly attractive investment within the sphere of high-growth entities.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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