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DraftKings Trading Volume Drops 43% Ranking 219th Despite 4-Day Stock Price Surge
Generated by AI AgentAinvest Market Brief
Monday, May 12, 2025 9:02 pm ET1min read
On May 12, 2025,
(DKNG) saw a trading volume of $566 million, a 43.27% decrease from the previous day, ranking 219th in the day's stock market activity. The stock price rose by 4.69%, marking the fourth consecutive day of gains, with a total increase of 12.95% over the past four days.Several analysts have adjusted their price targets for DraftKings. Guggenheim analyst Curry Baker lowered the firm's price target to $60 from $61, maintaining a Buy rating. Another analyst lowered the price target from $59.00 to $58.00 USD.
Cowen and Macquarie both reduced their price targets to $53, citing short-term setbacks and tepid Q1 results, respectively. Despite these adjustments, analysts remain bullish on the stock, with many maintaining positive ratings.Needham analyst Bernie McTernan also lowered the price target from $65 to $60 but kept a Buy rating. Macquarie analyst Chad Beynon reduced the price target to $53.00 from $55.00, noting that the overall performance of DraftKings remains solid. Despite the lowered targets, the consensus among analysts is that DraftKings continues to be a compelling investment idea.
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