JP Morgan Upgrades DraftKings to Overweight, Raises Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Joseph Greff has upgraded DraftKings (NASDAQ:DKNG) from Neutral to Overweight and raised the price target from $26 to $37.
September 26, 2023 | 8:48 am
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POSITIVE IMPACT
DraftKings has been upgraded to Overweight from Neutral by JP Morgan, with a raised price target of $37, up from $26.
The upgrade from JP Morgan is a positive signal for DraftKings. The raised price target indicates that the analyst sees potential for the stock's price to increase, which could attract investors and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100