{
  "id": 473788,
  "title": "Truist reiterates Buy on DraftKings stock, $29 target maintained",
  "url": "https://urgent.news/2026/08/10/truist-reiterates-buy-on-draftkings-stock-29-target-maintained",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-10T14:02:49.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/truist-reiterates-buy-on-draftkings-stock-29-target-maintained-93CH-4849625"
  },
  "original_language": "en",
  "account": "Investing.com reports that Truist Securities has reaffirmed its Buy rating on DraftKings Inc. (DKNG) with an unchanged $29 price target. This decision comes after the company's second-quarter earnings fell short of market expectations. Truist provided insights into customer acquisition trends, the launch of an in-house exchange, and other operational indicators that influenced the quarter's performance. The current share price is $24.63, which is below the $29 target set by the firm. According to InvestingPro data, DraftKings appears undervalued based on their Fair Value analysis. The company's core business continues to expand, with a 15% revenue growth and a gross profit margin of 76%. Truist anticipates DraftKings to outperform forecasts in its core operations, leading to profitable returns in prediction markets. Analysts forecast profitability for the company this year, with forecasted earnings of $0.94 per share. Truist maintains its 2026 and 2027 estimates without any changes. Despite the earnings miss, DraftKings adhered to its guidance.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}