Benchmark Maintains Buy on DraftKings, Lowers Price Target to $41
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Mike Hickey maintains a Buy rating on DraftKings (NASDAQ:DKNG) but lowers the price target from $52 to $41.

August 02, 2024 | 9:31 pm
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Benchmark analyst Mike Hickey maintains a Buy rating on DraftKings but lowers the price target from $52 to $41.
The Buy rating suggests continued confidence in DraftKings' long-term prospects, but the lowered price target indicates some caution about short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100