DraftKings Stock Is Surging: What's Going On?
Portfolio Pulse from Adam Eckert
DraftKings Inc (NASDAQ:DKNG) shares are trading higher following positive analyst coverage. BofA Securities analyst Shaun Kelley upgraded DraftKings from a Neutral rating to a Buy rating and raised the price target to $35. Benchmark analyst Mike Hickey also maintained DraftKings with a Buy rating and raised the price target from $26 to $32. The stock has already risen more than 150% year-to-date.
July 12, 2023 | 1:04 pm
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POSITIVE IMPACT
DraftKings shares are trading higher following positive analyst coverage. The stock has been upgraded to a Buy rating by BofA Securities and Benchmark, with price targets raised to $35 and $32 respectively.
The positive analyst coverage and upgrades to a Buy rating by BofA Securities and Benchmark are likely to boost investor confidence in DraftKings, potentially leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100