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Technology Stocks : DraftKings, Inc. / Online Gambling -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (43)

5/18/2020 10:14:18 AM

From: rogermci®

Respond to of 282

And another:

Canaccord Genuity raises their DKNG tgt to $35 from $25. Analyst Maria Ripps and Michael Graham noted, "While management did not provide Q2 guidance given the lack of visibility relative to the sports calendar being materially disrupted, we see good potential for alternative products like DFS for eSports to soften the impact, and we expect a very strong rebound in the second half with major sports likely returning to normal schedules along with key events like the Masters being pushed to the fall."

Needs to settle down a bit

To: Glenn Petersen who wrote (43)	5/19/2020 2:16:04 PM
From: sixty2nds	Respond to of 282

seekingalpha.com DraftKings seen fairly priced by Goldman Sachs May 19, 2020 8:37 AM ET\|About: DraftKings Inc. (DKNG)\|By: Clark Schultz, SA News Editor Goldman Sachs starts off coverage on DraftKings (NASDAQ: DKNG) with a Neutral rating and price target of $32. Analyst Stephen Grambling: "We believe both sports betting and iGaming are poised to see accelerated consumer adoption in response to COVID-19 and subsequent social distancing protocols across sports and gaming. However, we believe valuation is largely reflective of these unique growth opportunities at 8X management's fully-ramped EBITDA target which we estimate could take 7+ years to achieve (vs. peers trading historically at 10X NTM FactSet consensus), leaving more limited upside after the 82% increase in the past month (vs. S&P +2%)." Grambling advises that investors wait for a pullback. Five out of seven research firms covering DraftKings have a Buy-equivalent rating lined up on it. DKNG +0.24% premarket to $29.62. Now read: DraftKings Inc. 2020 Q1 - Results - Earnings Call