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 27, 2023 | 11:53 am
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POSITIVE IMPACT
Needham analyst Bernie McTernan reiterates a Buy rating on DraftKings with a maintained price target of $50, indicating a positive outlook for the stock.
The reiteration of a Buy rating by a reputable analyst like Bernie McTernan can instill confidence in investors and potentially lead to a positive short term impact on DraftKings' stock price. The maintained price target of $50 suggests that the analyst sees significant upside potential from the current trading price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100