Reported 29 days 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