Barclays lowered the firm’s price target on DraftKings (DKNG) to $37 from $44 and keeps an Overweight rating on the shares post the Q4 report. The firm believes the company’s consensus estimates are conservative with the stock “too cheap to ignore.”
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DKNG:
- DraftKings price target lowered to $28 from $32 at Bernstein
- DraftKings price target lowered to $30 from $49 at Wells Fargo
- DraftKings price target lowered to $37 from $45 at BTIG
- DraftKings Stock (DKNG) Plunge ‘Should Be at an End’: Analysts Weigh Earnings Rout
- Jefferies cuts DraftKings target, says share decline should be ending
