DraftKings Stock Has 30% Upside, According to 1 Wall Street Analyst
Investors weren't overly impressed by ' (NASDAQ: DKNG) first-quarter earnings report last week, selling off the stock by about 3% Friday even after the sports gambling company reported 53% Q1 sales growth, and raised sales guidance through the rest of the year.
But they appear to be having a rethink.
Since selling off Friday, DraftKings stock has won back all its losses, and even a bit more. Part of the reason for this may be the positive assessment Citigroup analyst Steven Sheeckutz gave on DraftKings' report: He thinks DraftKings stock is a buy... and predicts it will hit $57 within a year. It closed Friday just below $42.
Source Fool.com
DraftKings Inc. Stock
€41.00
0.850%
The stock is one of the favorites of our community with 61 Buy predictions and 4 Sell predictions.
As a result the target price of 46 € shows a slightly positive potential of 12.21% compared to the current price of 41.0 € for DraftKings Inc..
