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Rosenblatt Securities Stick to Their Buy Rating for DraftKings

December 7, 2020
Bernie McTernan

Rosenblatt Securities analyst Bernie McTernan maintained a Buy rating on DraftKings (NASDAQ:DKNG) on Monday, setting a price target of $65, which is approximately 31.98% above the present share price of $49.25.

McTernan expects DraftKings to post earnings per share (EPS) of -$0.98 for the fourth quarter of 2020.

The current consensus among 22 TipRanks analysts is for a Moderate Buy rating of shares in DraftKings, with an average price target of $61.
The analysts price targets range from a high of $100 to a low of $39.

In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $132.84 million and a net profit of -$348.36 million. The company's market cap is $19.29 billion.

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