Morgan Stanley Maintains Overweight on DraftKings, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Grambling has maintained an Overweight rating on DraftKings (NASDAQ:DKNG) and increased the price target from $49 to $50.
April 09, 2024 | 5:15 pm
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POSITIVE IMPACT
Morgan Stanley has maintained an Overweight rating on DraftKings and raised the price target from $49 to $50.
The increase in price target by a reputable analyst like Stephen Grambling from Morgan Stanley suggests a positive outlook on DraftKings' stock. This endorsement is likely to instill confidence among investors, potentially driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100