DraftKings stock may see a short-term increase of 3.8%, but a long-term decrease of 1.9%.
Stock AI’s forecasts:
🟢 +3.8% short-term ⬆️
🔴 -1.9% long-term ⬇️
Stock AI’s (DKNG) Forecast get (+35.8% Profit)
StockAI’s analysis delivers real-world results. On 12 January 2024, $DKNG ($32.71), StockAI predicted a long-term 🟢 buy signal. It was accurate: 1 month later price increased to $44.41 (🟢35.8%). Buying DKNG on this signal yielded a +35.8% profit 💰💰.
DKNG-DraftKings Inc. News
🟢 DraftKings stock had its “buy” rating reaffirmed by Benchmark with a $50.00 price target, boosting investor confidence.
🔴 DraftKings is expected to post earnings of ($0.28) per share for the quarter, potentially leading to a slight decrease in price.
🟢 Needham & Company LLC reiterated their buy rating on DraftKings, with a $58.00 target price, signaling positive sentiment.
🔴 DraftKings insider Jason Robins sold 200,000 shares of the company’s stock, which could lead to a temporary dip in price.
🟢 Several analysts raised their price targets for DraftKings, including UBS Group, Barclays, and BMO Capital Markets, indicating a potential price increase.
🔴 DraftKings released its quarterly earnings results, reporting a loss of ($0.30) per share, which may cause a short-term decrease in price.
DraftKings stock has seen a mix of positive and negative news recently, which has impacted investor sentiment and price expectations. The reaffirmed “buy” rating and raised price targets from various analysts have provided a boost to the stock, while the insider selling and quarterly earnings miss have caused some concerns among investors.
Overall, the positive news may outweigh the negative, leading to a potential price increase in the short term. However, investors should remain cautious and monitor the stock closely to assess any potential fluctuations in price. The buoyant backdrop of the market could also play a role in influencing DraftKings’ stock performance in the coming days.
DKNG-DraftKings Inc. Analyst Ratings
In recent analyst ratings for DraftKings Inc. (NASDAQ:DKNG) stock, we have seen some upgrades and downgrades:
📈 Benchmark reaffirmed their “buy” rating on DraftKings stock with a price target of $50.00.
📈 Needham & Company LLC reiterated their buy rating with a target price of $58.00.
📉 Barclays raised their price target on DraftKings from $52.00 to $54.00 with an overweight rating.
📉 Deutsche Bank Aktiengesellschaft increased their target price from $34.00 to $35.00 with a hold rating.
📈 BMO Capital Markets raised their target price on DraftKings from $51.00 to $54.00 with an outperform rating.
Sources:
1. ETF Daily News – Benchmark reaffirms “buy” rating on DraftKings
2. ETF Daily News – Needham & Company LLC reiterates buy rating on DraftKings
3. ETF Daily News – Barclays raises price target on DraftKings
4. ETF Daily News – Deutsche Bank raises price target on DraftKings
5. ETF Daily News – BMO Capital Markets raises price target on DraftKings
Disclaimer
Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.
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