UBS reiterated coverage on DraftKings with a new price target
$DKNG
Services-Misc. Amusement & Recreation
Consumer Discretionary
UBS reiterated coverage of DraftKings with a rating of Buy and set a new price target of $58.00 from $56.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/8/2025 | $56.00 → $54.00 | Positive | Susquehanna |
| 10/18/2024 | $54.00 → $62.00 | Outperform | Mizuho |
| 10/7/2024 | $48.00 → $50.00 | Positive | Susquehanna |
| 9/10/2024 | $35.00 | Underperform → Neutral | Exane BNP Paribas |
| 9/4/2024 | $56.00 → $58.00 | Buy | UBS |
| 9/4/2024 | $47.00 → $48.00 | Positive | Susquehanna |
| 7/1/2024 | $60.00 → $58.00 | Outperform | Oppenheimer |
| 5/6/2024 | $58.00 → $60.00 | Buy | Needham |
BOSTON, March 05, 2025 (GLOBE NEWSWIRE) -- This Problem Gambling Awareness Month (PGAM), DraftKings Inc. (NASDAQ:DKNG) is reinforcing its commitment to Responsible Gaming through a series of initiatives and key milestones. The company is renewing its State Council Funding Program to further support nationwide resources, marking the one-year anniversary of its industry-first My Stat Sheet tool, and launching a national Responsible Gaming focused advertising campaign to raise awareness for responsible play. "At DraftKings, Responsible Gaming is fundamental to our mission, and we are committed to making tools, resources, and education available to all our players to help them play responsibl
BOSTON, March 04, 2025 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) (the "Company" or "DraftKings") today announced that it has successfully closed on its senior secured term loan B credit facility in an aggregate principal amount of $600 million (the "Term Loan B"). The size of the Term Loan B was increased from the previously announced $500 million aggregate principal amount due to strong demand. The Term Loan B will mature in March 2032 and has an interest rate equal to the Secured Overnight Financing Rate (SOFR) plus 1.75% per annum. The Term Loan B was offered at 99.50% of par and is required to be repaid at 1.00% of its aggregate principal amount per annum. DraftKings will uti
BOSTON, March 03, 2025 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) ("DraftKings" or the "Company") today announced that Jason Robins, the Company's Chief Executive Officer and Co-founder, will participate in the following event: The Morgan Stanley Technology, Media & Telecom Conference. The fireside chat is scheduled for 3:20PM ET on March 4, 2025. Registration and the live audio portion of the Morgan Stanley Technology, Media & Telecom Conference can be accessed at the conference website or at DraftKings' Investor Relations website. About DraftKings DraftKings Inc. is a digital sports entertainment and gaming company created to be the Ultimate Host and fuel the competitive spiri
BOSTON, April 22, 2024 (GLOBE NEWSWIRE) -- DraftKings (NASDAQ:DKNG) announced today the appointment of Lori Kalani as Chief Responsible Gaming Officer reporting into DraftKings' chief executive officer, Jason Robins. Kalani becomes DraftKings' first Chief Responsible Gaming Officer committed to the continued elevation and integration of the company's player safety and protection activities and initiatives across all facets of its platforms and player communities. "Responsible gaming is one of our top priorities and it is a core part of our mission to build games that our customers can enjoy responsibly," said Jason Robins, CEO and Co-Founder of DraftKings. "In this leadership role, Lori
LOS ANGELES, Aug. 30, 2021 /PRNewswire/ -- Autograph, the company partnering with the world's biggest icons to usher in a new era of digital collecting, announced its appointment of American gymnast, Simone Biles to its Advisory Board, along with her first collection of NFTs dropping on August 31st. The Simone Biles Collection will be available exclusively to view on Autograph.io and for sale on DraftKings Marketplace. One of the greatest athletes of all-time, Biles has expanded her repertoire to collaborate with Autograph to design her own NFTs to interact with her fans in the next era of digital collectibles.
BOSTON, May 07, 2021 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) ("DraftKings" or the "Company") today reported first quarter 2021 financial results. First Quarter 2021 Highlights For the three months ended March 31, 2021, DraftKings reported revenue of $312 million, an increase of 253% compared to $89 million during the same period in 2020. After giving pro forma effect to the business combination with SBTech (Global) Limited ("SBTech") and Diamond Eagle Acquisition Corp. which was completed on April 23, 2020, as if it had occurred on January 1, 2019, revenue grew 175% compared to the three months ended March 31, 2020. "DraftKings is off to an outstanding start in 2021," said Jas
Raises 2025 Revenue Guidance Midpoint to $6.45 Billion; Reaffirms 2025 Adjusted EBITDA Guidance of $900 Million to $1.0 Billion BOSTON, Feb. 13, 2025 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) ("DraftKings" or the "Company") today announced its fourth quarter and fiscal year 2024 financial results. The Company also posted a letter to shareholders and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com. Fourth Quarter 2024 HighlightsFor the three months ended December 31, 2024, DraftKings reported revenue of $1,393 million, an increase of $162 million, or 13%, compared to $1,231 million during the same period in 2023. The in
BOSTON, Jan. 23, 2025 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) (the "Company" or "DraftKings") today announced that it will release its fourth quarter and full year 2024 results after the close of market trading on Thursday, February 13, 2025. DraftKings will host a conference call and audio webcast the following morning, Friday, February 14, 2025, at 8:30 a.m. ET, during which management will discuss the Company's results and provide commentary on business performance. To listen to the audio webcast and live Q&A, please visit DraftKings' investor relations website at investors.draftkings.com. The audio webcast will be available on the Company's investor relations website until 1
BOSTON, Nov. 07, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) ("DraftKings" or the "Company") today announced results for the third quarter of 2024. The Company also posted a third quarter 2024 business update and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com. Third Quarter 2024 Highlights For the three months ended September 30, 2024, DraftKings reported revenue of $1,095 million, an increase of $306 million, or 39%, compared to $790 million during the same period in 2023. The increase in the Company's third quarter 2024 revenue was driven primarily by continued healthy customer engagement, efficient acquisition of new cu
Susquehanna reiterated coverage of DraftKings with a rating of Positive and set a new price target of $54.00 from $56.00 previously
Mizuho reiterated coverage of DraftKings with a rating of Outperform and set a new price target of $62.00 from $54.00 previously
Susquehanna reiterated coverage of DraftKings with a rating of Positive and set a new price target of $50.00 from $48.00 previously
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