Needham analyst Bernie McTernan reiterated DraftKings Inc DKNG with a Buy and a $60 price target. The analyst noted DKNG as a leader in the emerging North American online gambling market, which is a $35 billion market opportunity. McTernan said the legislative environment overall supports greater market access, which is a win-win for consumers and states....
Tag: category: Analyst Ratings
Post
Post
Sports Betting Sector Could See Duopoly Or Oligopoly In Most States: Goldman Sachs Analyst Favors These 2 Stocks – DraftKings (NASDAQ:DKNG), Flutter Entertainment (NYSE:FLUT)
Goldman Sachs analyst Ben Andrews is out with a new report on the state of the sports betting sector. March online sports betting data points to the industry being softer, Andrews wrote, citing 7% year-over-year growth compared to 17% year-over-year growth in February. The key leaders in the industry include FanDuel, which is owned by...
Post
Penn Entertainment Focuses On ‘Where The Puck Has Been Rather Than Where It’s Going’: 5 Analysts Size Up Q1 Results, Sports Betting Segment – PENN Entertainment (NASDAQ:PENN)
Casino and sports betting company PENN Entertainment PENN reported first-quarter financial results that came in lower than analysts’ estimates. Here’s what analysts are saying after the report. Needham analyst Bernie McTernan has a Buy rating and lowers the price target from $32 to $26. JMP Securities analyst Jordan Bender has a Market Perform rating and...