DraftKings Stock Scores New 52-Week High: What's Going On?
Portfolio Pulse from Erica Kollmann
DraftKings Inc. (NASDAQ:DKNG) shares reached a new 52-week high of $38.72, with a 27% increase over the last month and over 10% in the past five days. Analysts from Craig-Hallum, Guggenheim, Susquehanna, and Benchmark have raised their price targets for DKNG, maintaining positive ratings. The stock is trading above its 50-day moving average and continues to exhibit upward momentum.
November 17, 2023 | 7:13 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
DraftKings Inc. shares have surged to a new 52-week high, supported by a series of analyst price target upgrades and strong trading momentum over the past month.
The positive sentiment from multiple analyst upgrades and the stock's performance exceeding the 50-day moving average suggest a strong bullish trend for DKNG. The recent price target raises by reputable analysts likely contribute to investor confidence and could drive short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100