Analysts Set NASDAQ:DKNG (NASDAQ:DKNG) Price Target at $27.33
Shares of NASDAQ:DKNG (NASDAQ:DKNG) have been given a consensus rating of “Buy” by the six brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $29.00.
DKNG has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded NASDAQ:DKNG from a “buy” rating to a “hold” rating in a research note on Thursday. Northland Securities reiterated a “buy” rating and set a $24.00 price target on shares of NASDAQ:DKNG in a research note on Monday, May 11th. Canaccord Genuity increased their price target on NASDAQ:DKNG from $25.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday. Susquehanna Bancshares initiated coverage on NASDAQ:DKNG in a research note on Thursday. They set a “positive” rating and a $33.00 price target for the company. Finally, Morgan Stanley initiated coverage on NASDAQ:DKNG in a report on Thursday, April 30th. They set an “overweight” rating and a $23.00 price objective on the stock.
NASDAQ:DKNG traded up $3.92 during trading on Thursday, reaching $29.23. The company’s stock had a trading volume of 24,405,343 shares, compared to its average volume of 3,579,024. NASDAQ:DKNG has a 12 month low of $9.76 and a 12 month high of $29.40.
DraftKings & SBTech is based in the United States.
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