Morgan Stanley Reiterates Overweight on DraftKings, Raises Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Grambling has reiterated an Overweight rating on DraftKings (NASDAQ:DKNG) and raised the price target from $31 to $32.
July 14, 2023 | 2:57 pm
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Morgan Stanley has reiterated an Overweight rating on DraftKings and raised the price target from $31 to $32, which could positively impact the stock's price.
The Overweight rating from Morgan Stanley indicates a positive outlook for DraftKings. The increase in price target from $31 to $32 suggests that the analyst sees potential for the stock's price to rise. This could lead to increased investor interest and a potential rise in the stock's price in the short term.
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IMPORTANCE 80
RELEVANCE 100