Goldman Sachs Maintains Buy on DraftKings, Lowers Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Ben Miller maintains a Buy rating on DraftKings (NASDAQ:DKNG) but lowers the price target from $60 to $54.

August 05, 2024 | 12:07 pm
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Goldman Sachs analyst Ben Miller maintains a Buy rating on DraftKings but lowers the price target from $60 to $54.
The maintained Buy rating suggests continued confidence in DraftKings' long-term prospects, but the lowered price target indicates some short-term concerns or adjustments in valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100