Barclays Maintains Overweight on DraftKings, Raises Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brandt Montour maintains an Overweight rating on DraftKings (NASDAQ:DKNG) and raises the price target from $50 to $52.
April 19, 2024 | 2:30 pm
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POSITIVE IMPACT
Barclays maintains an Overweight rating on DraftKings and raises the price target from $50 to $52.
The upgrade in price target by Barclays, a major financial institution, reflects a positive outlook on DraftKings' future performance. This is likely to instill confidence among investors, potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100