Northland Securities analyst Greg Gibas maintained a Buy rating on DraftKings (NASDAQ:DKNG) on Thursday, setting a price target of $50, which is approximately 44.38% above the present share price of $34.63.
Gibas expects DraftKings to post earnings per share (EPS) of $0.02 for the third quarter of 2020.
The current consensus among 11 TipRanks analysts is for a Strong Buy rating of shares in DraftKings, with an average price target of $47.
The analysts price targets range from a high of $60 to a low of $25.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $0 and a net profit of -$718.8 thousand. The company's market cap is $12.7 billion.
According to TipRanks.com, Northland Securities analyst Greg Gibas is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 19.8% and a 56.67% success rate.
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.