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Morgan Stanley Reiterates Overweight Recommendation for Draft Kings – (DKNG)

Fintel reports that on July 14, 2023, Morgan Stanley will repeated DraftKings Inc. coverage – (Nasdaq: DKNG) with Overweight recommendation.

Analyst forecasts suggest 6.08% downside

One-year average as of July 6, 2023 target price For DraftKings Inc. – is 29.40. Expectations range from a low of $17.17 to a high of $40.95. The average target price is down 6.08% from the latest reported closing price of 31.30.

see our corporate leaderboard The target price has the most upside potential.

DraftKings Inc.’s expected annual revenue is 2,972 million, an increase of 14.62%.Non-GAAP Annual Forecast EPS -2.50.

What is Fund Sentiment?

there is 804 foundations or institutions reporting positions in Draft Kings Inc. -. This is an increase of 53 owners or 7.06% over the previous quarter.Portfolio average weight out of all funds DKNG dedicated was 0.45%, up 1.78%. Total shares owned by institutional investors fell by 0.61% to 311,942,000 shares over the past three months. of put/call ratio DKNG’s is 0.96, indicating a bullish outlook.

What are other shareholders doing?

DKNG / DraftKings Inc. - Class A shares held by institutional investors

Capital Research Global Investors holds 18,079,000 shares representing a 3.91% ownership interest in the company. Earlier filings reported that the company owned 13,995,000 shares. will increase 22.59%.office increased Portfolio allocation to DKNG increased by 107.35% QoQ.

Ark Investment Management holds 18,060,000 shares representing a 3.91% ownership interest in the company. Earlier filings reported that the company owned 23,931,000 shares. Decrease 32.51%.office Diminished The portfolio allocation to DKNG increased by 0.23% quarter-on-quarter.

ARKK – ARK Innovation ETF holds 14,773,000 shares representing a 3.20% ownership interest in the company. Earlier filings reported that the company owned 16,501,000 shares. Decrease 11.70%.office increased Portfolio allocation to DKNG increased by 49.37% QoQ.

Sumitomo Mitsui Trust Holdings holds 13,163,000 shares representing a 2.85% ownership interest in the company. Earlier filings reported that the company owned 13,992,000 shares. Decrease 6.30%.office increased Portfolio allocation to DKNG increased by 49.36% QoQ.

Nikko Asset Management Americas holds 13,163,000 shares representing a 2.85% ownership interest in the company. Earlier filings reported that the company owned 13,992,000 shares. Decrease 6.30%.office increased Portfolio allocation to DKNG increased by 26.26% QoQ.

DraftKings Background Information
(This description was provided by us.)

DraftKings is an American daily fantasy sports competition and sports betting company. The company allows users to participate in daily and weekly fantasy sports-related contests to compete against individual players in America’s five major sports (MLB, NHL, NFL, NBA, PGA), the Premier League, and UEFA Champions League football. Earn prizes based on your performance. , NASCAR Auto Racing, Canadian Football League, XFL, Mixed Martial Arts (MMA), Tennis, All Elite Wrestling (AEW), WWE.

Additional resources:

This story was originally Fintel.

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

Summarize this content to 100 words

Fintel reports that on July 14, 2023, Morgan Stanley will repeated DraftKings Inc. coverage – (Nasdaq: DKNG) with Overweight recommendation. Analyst forecasts suggest 6.08% downside One-year average as of July 6, 2023 target price For DraftKings Inc. – is 29.40. Expectations range from a low of $17.17 to a high of $40.95. The average target price is down 6.08% from the latest reported closing price of 31.30.

see our corporate leaderboard The target price has the most upside potential. DraftKings Inc.’s expected annual revenue is 2,972 million, an increase of 14.62%.Non-GAAP Annual Forecast EPS -2.50. What is Fund Sentiment? there is 804 foundations or institutions reporting positions in Draft Kings Inc. -. This is an increase of 53 owners or 7.06% over the previous quarter.Portfolio average weight out of all funds DKNG dedicated was 0.45%, up 1.78%. Total shares owned by institutional investors fell by 0.61% to 311,942,000 shares over the past three months. of put/call ratio DKNG’s is 0.96, indicating a bullish outlook. What are other shareholders doing? Capital Research Global Investors holds 18,079,000 shares representing a 3.91% ownership interest in the company. Earlier filings reported that the company owned 13,995,000 shares. will increase 22.59%.office increased Portfolio allocation to DKNG increased by 107.35% QoQ. Ark Investment Management holds 18,060,000 shares representing a 3.91% ownership interest in the company. Earlier filings reported that the company owned 23,931,000 shares. Decrease 32.51%.office Diminished The portfolio allocation to DKNG increased by 0.23% quarter-on-quarter.

ARKK – ARK Innovation ETF holds 14,773,000 shares representing a 3.20% ownership interest in the company. Earlier filings reported that the company owned 16,501,000 shares. Decrease 11.70%.office increased Portfolio allocation to DKNG increased by 49.37% QoQ. Sumitomo Mitsui Trust Holdings holds 13,163,000 shares representing a 2.85% ownership interest in the company. Earlier filings reported that the company owned 13,992,000 shares. Decrease 6.30%.office increased Portfolio allocation to DKNG increased by 49.36% QoQ. Nikko Asset Management Americas holds 13,163,000 shares representing a 2.85% ownership interest in the company. Earlier filings reported that the company owned 13,992,000 shares. Decrease 6.30%.office increased Portfolio allocation to DKNG increased by 26.26% QoQ. DraftKings Background Information(This description was provided by us.) DraftKings is an American daily fantasy sports competition and sports betting company. The company allows users to participate in daily and weekly fantasy sports-related contests to compete against individual players in America’s five major sports (MLB, NHL, NFL, NBA, PGA), the Premier League, and UEFA Champions League football. Earn prizes based on your performance. , NASCAR Auto Racing, Canadian Football League, XFL, Mixed Martial Arts (MMA), Tennis, All Elite Wrestling (AEW), WWE.

Additional resources: This story was originally Fintel.

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

https://www.nasdaq.com/articles/morgan-stanley-reiterates-draftkings-inc.-dkng-overweight-recommendation Morgan Stanley Reiterates Overweight Recommendation for Draft Kings – (DKNG)

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