DKNG - What's Going On With DraftKings Stock Monday? | Benzinga
DraftKings Inc (NASDAQ:DKNG) shares are trading higher Monday following positive analyst coverage from multiple analyst firms.
Here’s a look at the price target revisions from Monday:
- Needham analyst Bernie McTernan maintained DraftKings with a Buy and raised the price target from $58 to $60.
- BTIG analyst Clark Lampen maintained DraftKings with a Buy and raised the price target from $53 to $55.
- BMO Capital analyst Brian Pitz maintained DraftKings with an Outperform and raised the price target from $51 to $54.
The price target increases come on the heels of DraftKings’ first-quarter financial results. Last week, DraftKings reported first-quarter revenue of $1.175 billion, which beat estimates of $1.124 billion, according to Benzinga Pro. The company reported adjusted earnings of 3 cents per share, which beat estimates for a loss of 28 cents per share.
DraftKings also raised ...