Truist Financial analyst Barry Jonas maintained a Buy rating on DraftKings (DKNG – Research Report) yesterday and set a price target of $55.00. The company’s shares closed last Friday at $44.57.
According to TipRanks, Jonas is a 4-star analyst with an average return of 8.4% and a 43.64% success rate. Jonas covers the Consumer Cyclical sector, focusing on stocks such as Boyd Gaming, MGM Resorts, and Monarch Casino & Resort.
In addition to Truist Financial, DraftKings also received a Buy from Citi’s Steven Sheeckutz in a report issued on February 18. However, on February 16, Deutsche Bank maintained a Hold rating on DraftKings (NASDAQ: DKNG).
See the top stocks recommended by analysts >>
Based on DraftKings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.23 billion and a GAAP net loss of $44.62 million. In comparison, last year the company earned a revenue of $855.13 million and had a GAAP net loss of $242.7 million
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:
Diamond Eagle Acquisition Corp. operates as a blank check company that intent for a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded on March 27, 2019 and is headquartered in Los Angeles, CA.
Read More on DKNG:
