Morgan Stanley Maintains Overweight on DraftKings, Raises Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Grambling maintains an Overweight rating on DraftKings (NASDAQ:DKNG) and raises the price target from $35 to $36.
October 13, 2023 | 2:10 pm
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POSITIVE IMPACT
Morgan Stanley maintains an Overweight rating on DraftKings and raises the price target from $35 to $36, indicating a positive outlook for the stock.
The Overweight rating maintained by Morgan Stanley indicates that they believe DraftKings' stock will outperform the market in the future. The increase in price target from $35 to $36 suggests that they see potential for the stock's price to increase, which could have a positive impact on the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100