DKNG - DraftKings Stock Has 30% Upside According to 1 Wall Street Analyst
2024-05-08 14:00:00 ET
Investors weren't overly impressed by DraftKings ' (NASDAQ: DKNG) first-quarter earnings report last week, selling off the stock by about 3% Friday even after the sports gambling company reported 53% Q1 sales growth, and raised sales guidance through the rest of the year.
But they appear to be having a rethink.
Since selling off Friday, DraftKings stock has won back all its losses, and even a bit more. Part of the reason for this may be the positive assessment Citigroup analyst Steven Sheeckutz gave on DraftKings' report: He thinks DraftKings stock is a buy ... and predicts it will hit $57 within a year. It closed Friday just below $42.
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DraftKings Stock Has 30% Upside, According to 1 Wall Street Analyst