1. BofA maintains Buy rating for DKNG with a $60 price forecast. 2. First-quarter EBITDA projections reduced from $149M to $120M. 3. Texas Jackpocket ban could risk $30M EBITDA; guidance may be trimmed. 4. Market growth slowed to 9% YoY; posing uncertainty for DKNG's forecast. 5. Shares rose 3.18% to $33.47 ahead of earnings on May 8.
BofA's Buy rating and price forecast suggest analyst confidence in DKNG’s performance, despite challenges. Historical examples show that positive analyst ratings can uplift stock prices though market factors may create fluctuations.
The article details analyst forecasts and EBITDA adjustments, which are crucial for investor decisions.
The upcoming earnings report on May 8 creates immediate attention and potential volatility. However, long-term factors indicate some challenges in growth metrics.