Susquehanna Sees 22.7% Upside to $31; DraftKings Debuts $11B DKeX Platform
DKNG•Susquehanna set a new price target of $31 for DraftKings, implying a 22.72% upside from its $25.26 close, while analysts forecast full-year EPS of $1.15 on $6.8 billion revenue. DraftKings launched DKeX, its proprietary prediction markets exchange targeting the $11 billion industry for greater technological control and faster innovation.
1. Susquehanna Price Target
Susquehanna set a new price target of $31 for DraftKings, implying a 22.72% potential upside from the $25.26 closing price on July 1.
2. Analyst Earnings and Revenue Outlook
Analysts project full-year EPS of $1.15 and revenue of $6.8 billion, with next quarter forecasts of EPS $0.34 on $1.57 billion in revenue, signaling significant growth expectations.
3. DKeX Platform Launch
DraftKings launched DKeX, its proprietary prediction markets exchange integrated into its main app to control technology and tap into the $11 billion prediction markets industry.
4. Recent Stock Performance
The stock closed at $25.26, down 2.09% on the day and 2.01% over the past month, underperforming both the Consumer Discretionary sector and the S&P 500 benchmark.
