Craig-Hallum Maintains Buy on DraftKings, Raises Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Ryan Sigdahl has maintained a Buy rating on DraftKings (NASDAQ:DKNG) and increased the price target from $40 to $45.
November 15, 2023 | 7:32 pm
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POSITIVE IMPACT
DraftKings' Buy rating is maintained by Craig-Hallum with a raised price target from $40 to $45, indicating a positive outlook on the stock.
The increase in price target by Craig-Hallum suggests a strong conviction in DraftKings' growth prospects and performance, which is likely to be viewed positively by investors. This could lead to a short-term increase in the stock price as market sentiment may improve due to the analyst's updated, more optimistic valuation.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100