BMO Increases DraftKings Price Target Following Strong Gaming Growth

Reported 1 day ago

BMO Capital has raised its price target for DraftKings Inc. (NASDAQ:DKNG) from $64 to $65 while maintaining an Outperform rating, reflecting positive revenue expectations for Q2 and Q3 2025 due to strong state gaming releases. Despite facing regulatory challenges, BMO sees DKNG as a strong investment opportunity, valuing the shares favorably at 16 times projected free cash flow for FY 2026.

Source: YAHOO

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