Stifel Upgrades DraftKings to Buy, Raises Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Jeffrey Stantial has upgraded DraftKings (NASDAQ:DKNG) from Hold to Buy and increased the price target from $40 to $45, indicating a positive outlook on the company's stock.
January 19, 2024 | 10:40 am
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DraftKings' stock has been upgraded by Stifel from Hold to Buy, with a raised price target from $40 to $45, suggesting a bullish stance on the stock's future performance.
Upgrades by analysts, especially from Hold to Buy, typically signal confidence in a company's prospects and can lead to increased investor interest and a potential rise in stock price in the short term. The raised price target further reinforces this positive sentiment.
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