DraftKings Shares Rally Monday; Analyst Upgrades Rating Following Impressive Quarterly Report
Portfolio Pulse from Chris Katje
DraftKings Inc (NASDAQ:DKNG) shares rally after UBS analyst Robin Farley upgrades the stock from Neutral to Buy and raises the price target from $19 to $30, following the company's impressive quarterly report. The analyst sees potential for a +20% revenue CAGR from 2023E to 2026E.
May 22, 2023 | 6:36 pm
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DraftKings shares rally after UBS analyst upgrades rating to Buy and raises price target to $30, following strong quarterly report and potential for +20% revenue CAGR from 2023E to 2026E.
The UBS analyst upgraded DraftKings' rating and raised the price target due to the company's strong quarterly report and potential for significant revenue growth. This positive outlook is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100