Canaccord Genuity analyst Michael Graham (NYSE:GHM) maintained a Buy rating on DraftKings (NASDAQ:DKNG) on Sunday, setting a price target of $50, which is approximately 37.67% above the present share price of $36.32.
Graham expects DraftKings to post earnings per share (EPS) of -$0.55 for the third quarter of 2020.
The current consensus among 12 TipRanks analysts is for a Strong Buy rating of shares in DraftKings, with an average price target of $48.6.
The analysts price targets range from a high of $60 to a low of $34.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $70.93 million and a net profit of -$160.44 million. The company's market cap is $27.19 billion.
According to TipRanks.com, Canaccord Genuity analyst Michael Graham is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 21.5% and a 63.09% 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.