Morgan Stanley Maintains Overweight on DraftKings, Raises Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Grambling maintains an Overweight rating on DraftKings (NASDAQ:DKNG) and raises the price target from $40 to $49.
February 28, 2024 | 5:50 pm
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Morgan Stanley analyst Stephen Grambling maintains an Overweight rating on DraftKings and raises the price target from $40 to $49.
The upgrade in price target by a reputable analyst like Stephen Grambling from Morgan Stanley is likely to instill positive sentiment among investors, potentially driving up the stock price in the short term. The Overweight rating reaffirms confidence in DraftKings' prospects.
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IMPORTANCE 90
RELEVANCE 100