Wall Street Analysts See DraftKings (DKNG) as a Buy: Should You Invest?

DraftKings currently has an average brokerage recommendation (ABR) of 1.31, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 31 brokerage firms. An ABR of 1.31 approximates between Strong Buy and Buy. Looking at the earnings estimate revisions for DraftKings, the Zacks Consensus Estimate for the current year has declined 31.1% over the past month to -$0.29. Of the 31 recommendations that derive the current ABR, 26 are Strong Buy ...