Needham Reiterates Buy on DraftKings, Maintains $58 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Bernie McTernan reiterates a Buy rating on DraftKings (NASDAQ:DKNG) and maintains a $58 price target.
May 03, 2024 | 10:26 am
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Needham analyst Bernie McTernan reiterates a Buy rating on DraftKings with a $58 price target.
The reiteration of a Buy rating and maintenance of a $58 price target by a reputable analyst like Bernie McTernan signals strong confidence in DraftKings' future performance. This endorsement is likely to positively influence investor sentiment and could lead to a short-term uptick in DKNG's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100