DraftKings (DKNG) Stock: $34 Target And Buy Rating

By Amit Chowdhry ● Sep 24, 2022
  • The shares of DraftKings (DKNG) recently received a $34 price target from Guggenheim. These are the details.

Price target: Increased from $31 to $34

Rating: Buy

Analyst: Guggenheim analyst Curry Baker

Baker adjusted the rating while updating the model to reflect favorable week one outcomes in the NFL, strong download, and relatively better daily active user (DAU) performance based on third-party app data. And the company also has an ongoing focus on cost controls and a more rational promotional environment.