JMP Securities Reaffirms Their Buy Rating on DraftKings (DKNG)

JMP Securities analyst Jordan Bender maintained a Buy rating on DraftKings (DKNGResearch Report) today and set a price target of $23.00. The company’s shares closed last Friday at $15.49.

According to TipRanks, Bender is a 4-star analyst with an average return of 6.9% and a 75.00% success rate. Bender covers the Services sector, focusing on stocks such as DraftKings, Golden Entertainment, and Bally’s Corporation.

In addition to JMP Securities, DraftKings also received a Buy from Needham’s Bernie McTernan in a report issued on November 28. However, on November 30, Deutsche Bank maintained a Hold rating on DraftKings (NASDAQ: DKNG).

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DKNG market cap is currently $13.04B and has a P/E ratio of -4.50.

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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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