Barclays analyst Brandt Montour raised the firm’s price target on DraftKings (DKNG) to $51 from $48 and keeps an Overweight rating on the shares as part of a Q2 preview for the gaming space. The firm sees the regionals, digital and Macau names beating estimates, partially offset by misses in Las Vegas. The group has rallied but is not overbought, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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 $51 from $53 at Stifel
- DraftKings price target raised to $55 from $50 at Truist
- DraftKings price target raised to $50 from $45 at Benchmark
- DraftKings’ Strategic Growth Potential and Favorable Regulatory Environment Boost Buy Rating
- DraftKings (DKNG) Is Reportedly in Talks to Buy Prediction Market Platform Railbird