DraftKings Stock To Hit New 52-Week Highs? Bullish Analyst On 2025 Guidance, Upside Opportunity

DraftKings Inc (NASDAQ:DKNG) analyst sees areas of opportunity for the sports betting company to surprise with financial guidance in third-quarter earnings as the company competes with FanDuel for market share in the sports betting sector.

The DraftKings Analyst: Bank of America analyst Shaun C. Kelley reiterated a Buy rating on DraftKings with a $50 price target in a new investor note.

Read Also: DraftKings Q2 Earnings Highlights: Sports Betting Company Launches $1-Billion Buyback, Misses On Revenue, Beats On Earnings

The DraftKings Takeaways: DraftKings’ third-quarter report could provide an updated look at full-year guidance and future 2025 financials, Kelley said.

"We expect top-line growth in the fourth quarter to come in slightly below guidance driven by unfavorable hold ...