DraftKings shares are trading higher after UBS upgraded the stock from Neutral to Buy and raised its price target from $19 to $30.
Portfolio Pulse from Benzinga Newsdesk
DraftKings shares are trading higher after UBS upgraded the stock from Neutral to Buy and raised its price target from $19 to $30.
May 22, 2023 | 11:25 am
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POSITIVE IMPACT
UBS upgraded DraftKings stock from Neutral to Buy and raised its price target from $19 to $30, resulting in higher trading.
The UBS upgrade from Neutral to Buy and the increase in price target from $19 to $30 directly impact DraftKings' stock price, as it signals increased confidence in the company's performance and potential growth. This positive news is likely to attract more investors, driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100