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Analyst Rating: Will DraftKings Inc (DKNG) Stock Beat the Market?

Thursday, August 18, 2022 09:53 AM | InvestorsObserver Analysts

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Analyst Rating: Will DraftKings Inc (DKNG) Stock Beat the Market?

Wall Street is positive on DraftKings Inc (DKNG). On average, analysts give the stock a Buy rating. The average price target is $27.318, which means analysts expect the stock to gain by 37.41% over the next twelve months. That average ranking earns the stock an Analyst Rating of 30, which is better than 30% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.9
Wall Street analysts are rating DKNG a Buy today. Find out what this means to you and get the rest of the rankings on DKNG!

Why are Analyst Ratings Important?

Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company's balance sheet. This information allows investors to make decisions ahead of the curve. InvestorsObserver combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as oppossed to a standard buy/hold/sell rating.

What's Happening With DraftKings Inc Stock Today?

DraftKings Inc (DKNG) stock is trading at $19.88 as of 9:48 AM on Thursday, Aug 18, a drop of -$0.69, or -3.35% from the previous closing price of $20.57. The stock has traded between $19.79 and $20.68 so far today. Volume today is below average. So far 654,793 shares have traded compared to average volume of 21,055,615 shares. Click Here to get the full Stock Report for DraftKings Inc stock.

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