Bernstein Lowers Price Target for DraftKings (DKNG) Amid Positiv

Bernstein Lowers Price Target for DraftKings Amid Positive Outlook

Bernstein analyst Ian Moore maintains an Outperform rating on DraftKings (DKNG) but lowers the price target from $55.00 to $50.00, reflecting a 9.09% reduction in the expected stock value. Despite this adjustment, the Outperform rating indicates ongoing confidence in DraftKings' market potential.

Analyst Perspectives

DraftKings continues to attract favorable evaluations from various analysts, signaling optimism alongside revised market expectations. Investors are encouraged to watch these changes for their influence on stock performance.

Company Background and Market Position

Founded in 2012 as a pioneer of daily fantasy sports, DraftKings expanded into online sports and casino betting after a 2018 Supreme Court decision legalized online sports wagering in many states. The company typically ranks second or third in revenue share in its competitive markets.

In 2024, revenue was divided as follows:

The company also runs a commission-based marketplace for non-fungible tokens and develops and licenses online gaming products.

"Bernstein analyst Ian Moore reiterated an Outperform rating on DraftKings (DKNG), while adjusting the price target from $55.00 to $50.00."

Author’s Summary: Despite lowering the price target, Bernstein remains optimistic about DraftKings’ growth, underpinned by its diverse gaming products and expanding market reach.

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GuruFocus GuruFocus — 2025-11-03

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