Market News AIOpen the app

DraftKings stock jumped 3.28% on Monday after Wells Fargo raised its price target.

OpinionRead the original at Benzinga
Neutral

DraftKings has a raised Wells Fargo target, expected sales growth, and possible income from prediction markets. But its expected loss widens and 2 firms cut targets, leaving competing signals rather than a clear change.

DKNG · DraftKings Inc.

AI read · Neutral

The AI's read

Possible income from prediction markets gives DraftKings another source of growth to pursue. But the company is expected to lose more per share even as sales rise. Wells Fargo raised its target, while 2 other firms cut theirs, so the story gives mixed signals.

Get alerts for DKNG

Follow DraftKings Inc. (DKNG) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for DKNG
Free on the App Store and Google Play, or on the web.