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.
December 26, 2023 | 11:18 am
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POSITIVE IMPACT
Needham analyst Bernie McTernan reiterates a Buy rating on DraftKings with a maintained price target of $50, potentially influencing investor confidence and stock performance.
The reiteration of a Buy rating by a reputable analyst like Bernie McTernan from Needham, along with the maintenance of a $50 price target, is likely to instill confidence in investors and could lead to a positive short term impact on DraftKings' stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100