DraftKings (DKNG) February 22.50 straddle priced for a move of +/- 13% into quarter results
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Credit Suisse Offers Quick Review of DraftKings Inc. (DKNG) Earnings
February 18, 2022 8:32 AM ESTCredit Suisse analyst Ben Chaiken reiterated an Outperform rating and $85.00 price target on DraftKings Inc. (NASDAQ: DKNG).
The analyst comments "DKNG reported better than expected 4Q, with revenue of $473m vs our $445m and street $421m. EBITDA loss of $-128m compares to our $-148m. Importantly, DKNG noted that 5 states are currently contribution profit positive, and noted that if no new states were launched they would be EBITDA positive by 4Q22. Considering... More
