• Tue. May 30th, 2023

What 10 Analyst Ratings Have To Say About DraftKings

ByBenzinga Insights

Jul 21, 2022
What 10 Analyst Ratings Have To Say About DraftKings

Over the past 3 months, 10 analysts have published their opinion on DraftKings DKNG stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company’s business to predict how a stock will trade over the upcoming year.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 5 2 3 0 0
Last 30D 0 0 1 0 0
1M Ago 1 1 1 0 0
2M Ago 1 0 0 0 0
3M Ago 3 1 1 0 0

These 10 analysts have an average price target of $22.7 versus the current price of DraftKings at $14.2, implying upside.

Below is a summary of how these 10 analysts rated DraftKings over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock

This current average has decreased by 23.36% from the previous average price target of $29.62.

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company’s revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

Image and article originally from www.benzinga.com. Read the original article here.