Benchmark Maintains Buy on DraftKings, Raises Price Target to $41
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Mike Hickey has maintained a Buy rating on DraftKings (NASDAQ:DKNG) and increased the price target from $37 to $41.
November 15, 2023 | 2:16 pm
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POSITIVE IMPACT
Benchmark analyst Mike Hickey reaffirmed a Buy rating on DraftKings and raised the price target to $41, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals confidence in the company's future performance and can lead to a positive short term impact on the stock price as investors react to the analyst's upgraded outlook.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100