analysts and investors<\/a> regarding promotional spending. There\u2019s some evidence operators are keeping a lid on that spending this football season.<\/strong><\/p>\nSome analysts see signs of promotion rationalization from DraftKings. That’s as the gaming company is under pressure to stem losses and show investors that there\u2019s a viable path to profitability sooner than later.<\/p>\n
Speaking of Football’s Impact \u2026<\/h2>\n
In the firm\u2019s weekly update on the NFL\u2019s impact on sportsbook operators, Needham analyst Bernie McTernan noted week seven results appear promising for gaming companies. He rates DraftKings stock a \u201cbuy\u201d with a $25 price target.<\/p>\n
He also highlighted DraftKings as having one of the highest-rated mobile apps next to rival FanDuel and a viable customer acquisition plan.<\/strong><\/p>\n\u201cWe believe DKNG has a sustainable customer acquisition strategy that should continue to drive its first- or second-place position in all states. We expect margins to scale with the tech stack transition to SBTech from Kambi, benefits of national vs local marketing and reaching terminal market access penetration,\u201d wrote McTernan.<\/p>\n","protected":false},"excerpt":{"rendered":"
Wall Street remains divided on DraftKings (NASDAQ: DKNG), but the stock drew support Monday from a pair of analysts. Recently, some analysts turned bullish on the beleaguered gaming stock, citing factors such as encouraging hold data to start the 2022 NFL season, valuation, rising same-state revenue, and a more restrained promotional spending environment. In a […]<\/p>\n","protected":false},"author":46,"featured_media":239161,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,1074],"tags":[81903,80968],"acf":[],"yoast_head":"\n
DraftKings Stock Lauded By Two Analysts Forecasting Big Upside<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n