Draftkings Stock News

Tom Rogers, Engine Media executive chairman, joins CNBC's 'Squawk Box' to discuss mobile gambling in New York and what it means for sports betting companies.

Three names that TheStreet''s analysts and writers are watching closely.

Wall Street hasn''t given up on the online betting leader.

While DKNG stock received a downgrade from Wells Fargo today, shares are still in the green. So, is DraftKings a buy right now?

Tuesday afternoon''s top analyst upgrades and downgrades included Autodesk, DraftKings, Foot Locker, General Electric, Goodyear Tire, Okta, Rocket Companies, Splunk, Sysco, Tuya and Zscaler.

DraftKings Inc. - Class A Common Stock''s (NASDAQ: DKNG ) short percent of float has risen 5.51% since its last report. The company recently reported that it has 39.19 million shares sold short , which is 12.06% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.2 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock Full story available on Benzinga.com

NEW YORK , Feb. 22, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for DKNG, ROKU, RBLX, BABA, and CVX. Full story available on Benzinga.com

DraftKings Inc (NASDAQ: DKNG ) is trading lower Tuesday after Wells Fargo analyst Daniel Politzer downgraded the stock from an Overweight rating to an Equal-Weight rating and lowered the price target from $41 to $19. Several other analyst firms also lowered price targets on the stock: Needham analyst Bernie McTernan maintained DraftKings with a Buy rating and lowered the price target from $46 to $32. Deutsche Bank analyst Carlo Santarelli maintained DraftKings with a Hold rating and lowered the price target from $27 to $19. BofA Securities analyst Shaun Full story available on Benzinga.com

DraftKings was on track to continue declining on Tuesday after analysts cut their price targets for the stock, citing concerns over management''s higher-than-expected Ebitda losses.

DraftKings (NASDAQ: DKNG ) has observed the following analyst ratings within the last quarter: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 2 7 0 1 Last 30D 2 0 4 0 0 1M Ago 0 1 0 0 0 2M Ago 0 0 1 0 1 3M Ago 0 1 2 0 0 These 12 analysts have an average price target of $30.83 versus the current price of DraftKings at $17.29, implying upside. Below is a summary of how these 12 analysts rated DraftKings over the past 3 months. The greater the number of bullish ratings, the more positive Full story available on Benzinga.com

DraftKings Inc. - Class A Common Stock''s (NASDAQ: DKNG ) short percent of float has risen 5.51% since its last report. The company recently reported that it has 39.19 million shares sold short , which is 12.06% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.2 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock Full story available on Benzinga.com

Wall Street hasn't given up on the online betting leader.

While DKNG stock received a downgrade from Wells Fargo today, shares are still in the green. So, is DraftKings a buy right now?

The DraftKings Inc (NASDAQ: DKNG) stock increased by over 4% during intraday trading today. This is why.

Draftkings Inc  (NASDAQ:DKNG ) is up 2.6% at $17.74 this morning, bouncing back from some of the losses that followed its fourth-quarter earnings and revenue beat on Friday.