Needham Maintains Buy on DraftKings, Raises Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Bernie McTernan maintains a Buy rating on DraftKings (NASDAQ:DKNG) and raises the price target from $50 to $54, indicating a positive outlook on the company's stock.
February 20, 2024 | 12:16 pm
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POSITIVE IMPACT
Needham analyst Bernie McTernan maintains a Buy rating on DraftKings and raises the price target from $50 to $54.
The increase in price target from $50 to $54 by a reputable analyst suggests a strong confidence in DraftKings' future performance. This endorsement is likely to positively influence investor sentiment and potentially drive up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100