BTIG Maintains Buy Rating for DraftKings: Here's What You Need To Know

BTIG has decided to maintain its Buy rating of DraftKings DKNG and raise its price target from $27.00 to $31.00.

Shares of DraftKings are trading up 2.33% over the last 24 hours, at $25.50 per share.

A move to $31.00 would account for a 21.57% increase from the current share price.

About DraftKings

DraftKings Inc is a digital sports entertainment and gaming company. The company provides users with daily fantasy sports (DFS), sports betting, and iGaming opportunities and is also involved in the design & development of sports betting and casino gaming platform software for online and retail sportsbook and casino gaming products. It operates in two segments: Business-to-consumer(B2C) and Business-to-Business(B2B), of which the vast majority of its revenue comes from the B2C segment. Geographically, it derives most of its revenue from the United States.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.