UBS Maintains Buy on DraftKings, Raises Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Robin Farley has maintained a Buy rating on DraftKings (NASDAQ:DKNG) and increased the price target from $44 to $56. This adjustment reflects a positive outlook on DraftKings' future performance.
March 05, 2024 | 11:55 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
UBS analyst Robin Farley has reaffirmed a Buy rating on DraftKings and raised the price target from $44 to $56, indicating a positive outlook on the company's future performance.
The increase in price target by a reputable analyst such as Robin Farley from UBS is a strong indicator of confidence in DraftKings' future performance. This kind of endorsement typically leads to positive investor sentiment and can drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100