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Penn Entertainment Analysts Say 'All Eyes Remain On ESPN Bet' After Q3 Earnings Miss
Friday, November 8, 2024 - 1:39pm | 574PENN Entertainment (NASDAQ:PENN) analysts highlight the ESPN Bet and Interactive segment as items to watch after the company missed third-quarter estimates for revenue and earnings per share. The PENN Analysts: Needham analyst Bernie McTernan reiterated a Buy rating on Penn Entertainment with a...
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DraftKings Guidance Hit By Unfavorable NFL Outcomes: Analysts Focused On 2025
Friday, November 8, 2024 - 1:13pm | 607DraftKings Inc (NASDAQ:DKNG) analysts highlight the long-term outlook and opportunities after the company lowered fourth-quarter and full-year guidance Thursday. Benchmark analyst Mike Hickey reiterated a Buy rating with a $44 price target. Needham analyst Bernie McTernan reiterated a Buy rating...
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FanDuel's 'Best US Performance' In Q2 Pressures DraftKings To Scrap Surcharge Plan
Wednesday, August 14, 2024 - 11:30am | 1100A decision by DraftKings Inc (NASDAQ:DKNG) to place a winning bet surcharge in high-tax states was met with backlash and shares fell further Monday night after rival Flutter Entertainment (NYSE:FLUT) announced it would not be enacting the same charge. Analysts examine Flutter's Q2 earnings and a...
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DraftKings Reports Q2 Miss, Analysts Wonder If Surcharges On Winnings Are A 'Gamble'
Friday, August 2, 2024 - 12:43pm | 660Shares of DraftKings Inc (NASDAQ:DKNG) tanked in early trading on Friday, after the company reported its second-quarter results. The results came amid an exciting earnings season. Here are some key analyst takeaways. Benchmark analyst Mike Hickey reaffirmed a Buy rating, while cutting the price...
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Penn Entertainment Focuses On 'Where The Puck Has Been Rather Than Where It's Going': 5 Analysts Size Up Q1 Results, Sports Betting Segment
Friday, May 3, 2024 - 4:12pm | 810Casino and sports betting company PENN Entertainment (NASDAQ:PENN) reported first-quarter financial results that came in lower than analysts' estimates. Here's what analysts are saying after the report. Needham analyst Bernie McTernan has a Buy rating and lowers the price target from $32 to $26....
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DraftKings The 'King Of The Beat & Raise': 7 Analysts Size Up Q1 Earnings, Raised Guidance That Could Be Conservative
Friday, May 3, 2024 - 2:55pm | 771Sports betting company DraftKings Inc (NASDAQ:DKNG) reported first-quarter revenue and earnings per share that beat analysts' estimates. Analysts share their reaction to the report and DraftKings' raised full-year guidance: Truist analyst Barry Jonas has a Buy rating and $55 price target. Bank of...
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Penn Entertainment Upgraded After Analyst Challenges ESPN Bet's Zero Valuation
Tuesday, April 23, 2024 - 2:42pm | 515Analysts upgraded sports betting and casino operator PENN Entertainment (NASDAQ:PENN) based on the valuation of sportsbook ESPN Bet. The PENN Analyst: Truist analyst Barry Jonas upgrades Penn Entertainment from Hold to Buy and has a price target of $23. The Analyst Takeaways: Penn Entertainment...
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DraftKings Stock Hits 52-Week Highs: 7 Analysts Size Up Jackpocket Acquisition, Q4 Results, Future Growth
Friday, February 16, 2024 - 2:01pm | 1009Sports betting company DraftKings Inc (NASDAQ:DKNG) reported fourth-quarter financial results after market close Thursday. Analysts size up the earnings result and future of the company. BMO Capital analyst Brian J. Pitz has an Outperform rating and raises the price target from $43 to $51. Stifel...
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DraftKings Can Fight Off Sports Betting Competition, Analysts Say After Q3 Earnings
Monday, November 6, 2023 - 12:53pm | 648Analysts are reacting to the third quarter earnings report from DraftKings and speculating on what could be next for the online sports betting company. The DraftKings Analysts: Stifel analyst Jeffrey A. Stantial has a Hold rating and raises the price target from $33 to $36. Truist analyst Barry...
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DraftKings Is On A 'Quicker And More Visible Path To Profitability,' Says Bullish Analyst
Tuesday, August 8, 2023 - 11:40am | 318In an exclusive interview with Benzinga, DraftKings Inc (NASDAQ: DKNG) CEO Jason Robins shared his thoughts about what is in store for the sports betting company. Given the inflection to profitability in the second quarter, it appears that the company’s “training wheels are off,...
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MGM Resorts Analyst Turns Bullish, Upgrades Casino Stock Despite Challenging 2023
Monday, December 5, 2022 - 12:14pm | 342Shares of MGM Resorts International (NYSE: MGM) continued their uptrend through November in early trading on Monday. Although macro uncertainties may continue into 2023, the Strip’s strong event calendar could drive the company’s outperformance, according to Truist Securities. The...
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DraftKings Analysts Unimpressed By Q3 Earnings, But Sports Betting Company's 2022 Guidance A Highlight
Tuesday, November 9, 2021 - 12:35pm | 517Sports betting pure play company DraftKings Inc (NASDAQ: DKNG) reported third-quarter financial results on Friday. Analysts shared their takes on the company’s quarterly results and guidance. The DraftKings Analysts: Bank of America analyst Shaun C. Kelley has a Neutral rating and $60 price...
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The Risk-Reward In Bluegreen Vacations: BofA Names It A Buy
Tuesday, December 12, 2017 - 2:37pm | 526Bluegreen Vacations Corporation (NYSE: BXG), which recently IPO-ed, was initiated by Bank of America Merrill Lynch with a top-notch rating Tuesday. Bluegreen Vacations is a spinoff unit of BBX Capital Corp (NYSE: BBX), with the latter owning 90 percent of the former's shares, with a 180-...