Truist Securities Maintains Hold on DraftKings, Raises Price Target to $31
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Barry Jonas maintains a Hold rating on DraftKings (NASDAQ:DKNG) and raises the price target from $26 to $31.
July 18, 2023 | 1:58 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
DraftKings' price target has been raised from $26 to $31 by Truist Securities, while maintaining a Hold rating.
The increase in price target indicates that the analyst sees potential for the stock's price to rise in the future. However, the Hold rating suggests that the analyst does not recommend buying more of the stock at the current price. This could lead to a positive impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100