DraftKings is enjoying its highest stock price of the year, and since December 2021, as it moves closer to reporting its earnings after the day s business concludes on Aug. 3 and through a planned conference call of its Q2 2023 results on Aug. 4.
DraftKings stock closed Thursday at $30.68. The company stock has risen 174% to date, but is still nowhere near its all-time high of $71.98 in May 2021.
But several financial analysts are bullish on the company moving forward into its third quarter.
DraftKings Stock Maintains Hold Status
Shares of the company have gained 27.46% over the past month.
Barry Jonas of Truist Securities issued a statement on DraftKings earlier this week, raising his adjusted price target for the stock from $26 to $31. Jonas reaffirm…