Bank of America Securities analyst Shaun Kelley maintained a Buy rating on DraftKings (DKNG – Research Report) today. The company’s shares opened today at $43.45.
Kelley covers the Consumer Cyclical sector, focusing on stocks such as Vail Resorts, Penn National Gaming, and DraftKings. According to TipRanks, Kelley has an average return of 2.2% and a 50.00% success rate on recommended stocks.
Currently, the analyst consensus on DraftKings is a Strong Buy with an average price target of $53.21, a 22.46% upside from current levels. In a report released on May 6, Barclays also maintained a Buy rating on the stock with a $54.00 price target.
DKNG market cap is currently $37.61B and has a P/E ratio of -36.91.
Based on the recent corporate insider activity of 169 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DKNG in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
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