Draftkings Inc. Class A Common Stock | DKNG

Daily Technical Analysis of Draftkings Inc. Class A Common Stock

Draftkings is up a bit on the day, funds flowing in kept the price up 1.37% since yesterday.

The company isn't at an immediate support or resistance level that might be predictive. DKNG has been bouncing around but hasn't taken a very clear direction over the last few months. So it doesn't have very much obvious momentum in either direction. DKNG may hit some resistance around the 41.96 level, more sellers may enter the market here and push price back down. But it's definitely not guaranteed.

Analyst Ratings for Draftkings By Price Target And Rating

The analysts feel fairly neutral on the prospects for DraftKings but a little more positive than negative. The current Analysts Sentiment Score is 43.92. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Benchmark provided a price target boost of 4% to $52.00 from $50.00 on 2024-05-03. Needham & Company LLC announced that they are reiterating a rating of Buy on 2024-05-03 and they set their price target at $58.00. Susquehanna boosted their price targ by 3.7% to $56.00 on 2024-04-29. On 2024-04-19 Barclays increased their price target by 4% to $52.00. The Goldman Sachs Group initiated a rating of Buy on 2024-04-16 and provided a price target of $60.00. Morgan Stanley gave a boost to their price target and moved to $50.00 from $49.00 on 2024-04-09. Moffett Nathanson provided a price target boost of 5.77% to $55.00 from $52.00 on 2024-03-28. JPMorgan Chase & Co. announced that they are reiterating a rating of Overweight on 2024-03-28 and they set their price target at $55.00. Mizuho initiated a rating of Buy on 2024-03-26 and added a price target of $58.00. JMP Securities reiterated a rating of Market Outperform on 2024-03-25 and added a price target of $52.00.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for DraftKings

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for DraftKings

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.