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DraftKings (DKNG) Gets a Buy from Needham

In a report released today, Bernie McTernan from Needham maintained a Buy rating on DraftKings (DKNGResearch Report), with a price target of $25.00. The company’s shares closed last Friday at $14.98.

McTernan covers the Services sector, focusing on stocks such as DraftKings, Penn National Gaming, and Upwork. According to TipRanks, McTernan has an average return of -21.4% and a 26.03% success rate on recommended stocks.

In addition to Needham, DraftKings also received a Buy from Guggenheim’s Currey Baker in a report issued on September 14. However, on September 13, UBS maintained a Hold rating on DraftKings (NASDAQ: DKNG).

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The company has a one-year high of $51.89 and a one-year low of $9.77. Currently, DraftKings has an average volume of 19.42M.

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Diamond Eagle Acquisition Corp. operates as a blank check company that intent for a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded on March 27, 2019 and is headquartered in Los Angeles, CA.

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