Oppenheimer Believes DraftKings (DKNG) Won’t Stop Here


In a report released today, Jed Kelly from Oppenheimer assigned a Buy rating to DraftKings (DKNG), with a price target of $80.00. The company’s shares closed last Wednesday at $67.28, close to its 52-week high of $70.38.

According to TipRanks.com, Kelly is a 4-star analyst with an average return of 14.3% and a 52.5% success rate. Kelly covers the Technology sector, focusing on stocks such as Rush Street Interactive, EverQuote, and CarGurus.

DraftKings has an analyst consensus of Moderate Buy, with a price target consensus of $69.48, a -3.3% downside from current levels. In a report issued on February 25, Morgan Stanley also reiterated a Buy rating on the stock with a $60.00 price target.

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The company has a one-year high of $70.38 and a one-year low of $10.60. Currently, DraftKings has an average volume of 15.91M.

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Diamond Eagle Acquisition Corp. operates as a blank check company that intent for a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded on March 27, 2019 and is headquartered in Los Angeles, CA.

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