Needham Reiterates Buy on DraftKings, Maintains $50 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Bernie McTernan has reiterated a Buy rating on DraftKings (NASDAQ:DKNG) and maintained a $50 price target for the company's stock.

November 20, 2023 | 12:28 pm
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Needham analyst Bernie McTernan reiterates a Buy rating on DraftKings with a maintained price target of $50.
The reiteration of a Buy rating by a reputable analyst like Bernie McTernan could positively influence investor sentiment and potentially lead to a short-term increase in the stock price of DraftKings. The maintained price target of $50 suggests a level of confidence in the company's future performance and growth prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100