Citi Maintains DraftKings(DKNG.US) With Buy Rating, Raises Target Price to $59

花旗维持DraftKings(DKNG.US)买入评级，上调目标价至59美元

moomoo资讯 · 2024/11/09 22:32 · 评级/大行评级

Citi analyst Steven Sheeckutz maintains $DraftKings (DKNG.US)$ with a buy rating, and adjusts the target price from $55 to $59.

According to TipRanks data, the analyst has a success rate of 75.0% and a total average return of 7.7% over the past year.

AnalystRecentRatingAutoNews_78920024282092_20241108_c053d866ec0c8a565ddeeb6be999fcb0635e274c_1731162713998688_mm_en

Furthermore, according to the comprehensive report, the opinions of $DraftKings (DKNG.US)$'s main analysts recently are as follows:

DraftKings' Q3 revenue fell short of the market expectations, while its adjusted EBITDA surpassed consensus. The company adjusted its 2024 outlook owing to customer favorable results at the start of Q4 but confirmed its 2025 adjusted EBITDA forecast. Additionally, management indicated a number of factors that could potentially contribute to a more positive 2025 outlook.
Analysts note that following the company's quarterly call, the Q4 guidance appears conservative, implying minimal expectation of favorable shifts for sports books by the end of the year. More crucially, there is an increased confidence in the company's 2025 projections, which, despite not accounting for potential developments in Missouri, suggest several core performance metrics at the mid-point. These include a 15% growth in iGaming, an 11% increase in market-wide handle growth for oriented strand board, and a steady handle market share.
Following the Q3 report, it is noted that while the company's disclosures are becoming more transparent, there remain uncertainties surrounding its forward-looking statements. It's observed that the current market valuation of the company's shares reflects expectations of exceptionally strong performance by the year 2025.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

花旗分析师Steven Sheeckutz维持$DraftKings (DKNG.US)$买入评级，并将目标价从55美元上调至59美元。

根据TipRanks数据显示，该分析师近一年总胜率为75.0%，总平均回报率为7.7%。

AnalystRecentRatingAutoNews_78920024282092_20241108_c053d866ec0c8a565ddeeb6be999fcb0635e274c_1731162713998688_mm_sc

此外，综合报道，$DraftKings (DKNG.US)$近期主要分析师观点如下：

draftkings的第三季度营业收入未达市场预期，而其调整后的EBITDA超过共识。公司根据第四季度初开始的客户有利结果调整了2024年的展望，但确认了2025年调整后的EBITDA预测。此外，管理层指出了一些可能有助于更积极的2025年展望的因素。
分析师指出，在公司季度电话会议之后，第四季度指引似乎保守，表明对年底体育书籍有利转变的期望较低。更为关键的是，对公司2025年的预测有着更高的信心，尽管未考虑到密苏里州的潜在发展，但暗示了中间核心业绩指标。
在第三季度报告后，公司的披露变得更加透明，但围绕其前瞻性声明仍存在不确定性。观察到公司股票的当前市场估值反映了对到2025年表现异常强劲的预期。

提示:

TipRanks为独立第三方，提供金融分析师的分析数据，并计算分析师推荐的平均回报率和胜率。提供的信息并非投资建议，仅供参考。本文不对评级数据和报告的完整性与准确性做出认可、声明或保证。

TipRanks提供每位分析师的星级，分析师星级代表分析师所有推荐的过往表现，通过分析师的总胜率和平均回报率综合计算得出，星星越多，则该分析师过往表现越优异，最高为5颗星。

分析师总胜率为近一年分析师的评级成功次数占总评级次数的比率。评级的成功与否，取决于TipRanks的虚拟投资组合是否从该股票中产生正回报。

总平均回报率为基于分析师的初始评级创建虚拟投资组合，并根据评级变化对组合进行调整，在近一年中该投资组合所获得的回报率。

声明：本内容仅用作提供资讯及教育之目的，不构成对任何特定投资或投资策略的推荐或认可。更多信息

Citi Maintains DraftKings(DKNG.US) With Buy Rating, Raises Target Price to $59

Citi Maintains DraftKings(DKNG.US) With Buy Rating, Raises Target Price to $59

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