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FanDuel's 'Best US Performance' In Q2 Pressures DraftKings To Scrap Surcharge Plan

Benzinga ·  Aug 14 11:30

A decision byDraftKings Inc(NASDAQ:DKNG) to place a winning bet surcharge in high-tax states was met with backlash and shares fell further Monday night after rivalFlutter Entertainment(NYSE:FLUT) announced it would not be enacting the same charge.

Analysts examine Flutter's Q2 earnings and a decision by DraftKings to move away from the winning bet surcharge after its rival's earnings report.

The Flutter Analysts:

  • JMP analyst Jordan Bender maintained a Market Outperform rating and raised the price target from $246 to $255.
  • Oppenheimer analyst Jed Kelly maintained an Outperform rating and raised the price target from $240 to $255.
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