Stifel has revised its price target for Flutter Entertainment (FLUT), reducing it from $320 to $315 while maintaining a Buy rating on the company's shares. This adjustment comes in response to a series of less favorable game outcomes during March, which has led the firm to anticipate a shortfall in Q1 adjusted EBITDA for its portfolio of U.S. online sports betting and iCasino operators.
Despite these challenges, Stifel advises investors to consider holding onto both DraftKings (DKNG, Financial) and Flutter Entertainment shares as they approach their Q1 earnings reports. However, the firm suggests a temporary reduction of exposure to these stocks, citing the impact of seasonal trends and a legislative environment that may not be favorable.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 33 analysts, the average target price for DraftKings Inc (DKNG, Financial) is $55.92 with a high estimate of $75.00 and a low estimate of $35.00. The average target implies an upside of 72.36% from the current price of $32.44. More detailed estimate data can be found on the DraftKings Inc (DKNG) Forecast page.
Based on the consensus recommendation from 34 brokerage firms, DraftKings Inc's (DKNG, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for DraftKings Inc (DKNG, Financial) in one year is $60.24, suggesting a upside of 85.7% from the current price of $32.44. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the DraftKings Inc (DKNG) Summary page.
