Roth MKM Maintains Sell on DraftKings, Raises Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Edward Engel maintains a 'Sell' rating on DraftKings (NASDAQ:DKNG) but raises the price target from $20 to $23.
August 07, 2023 | 6:06 pm
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NEGATIVE IMPACT
Despite the raised price target from $20 to $23, Roth MKM maintains a 'Sell' rating on DraftKings, indicating a negative outlook.
The 'Sell' rating maintained by Roth MKM indicates a negative outlook for DraftKings. However, the raised price target from $20 to $23 suggests that the analyst sees some potential for the stock's price to increase in the short term, but overall, the sentiment remains negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100