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

February 16, 2024 | 11:59 am
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Needham analyst Bernie McTernan reiterated a Buy rating on DraftKings and maintained a $50 price target.
The reiteration of a Buy rating and maintenance of a $50 price target by a reputable analyst like Bernie McTernan signals strong confidence in DraftKings' future performance. This positive analyst coverage is likely to influence investor sentiment positively in the short term, potentially leading to an increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100