DraftKings (DKNG) Receives a Buy from UBS
In a report released today, Robin M. Farley from UBS maintained a Buy rating on DraftKings, with a price target of $43.00.
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According to TipRanks, M. Farley is a 5-star analyst with an average return of 17.9% and a 60.57% success rate. M. Farley covers the Consumer Cyclical sector, focusing on stocks such as Norwegian Cruise Line, DraftKings, and Carnival.
In addition to UBS, DraftKings also received a Buy from Stifel Nicolaus’s Jeffrey Stantial in a report issued on March 10. However, yesterday, TipRanks – Anthropic reiterated a Hold rating on DraftKings (NASDAQ: DKNG).
Based on DraftKings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.99 billion and a net profit of $136.43 million. In comparison, last year the company earned a revenue of $1.39 billion and had a GAAP net loss of $134.85 million
Based on the recent corporate insider activity of 142 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DKNG in relation to earlier this year. Last month, Harry Sloan, a Director at DKNG bought 100,000.00 shares for a total of $2,185,000.00.
Read More on DKNG:
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