DraftKings shares are trading lower after Goldman Sachs maintained a Buy rating on the stock and lowered its price target from $60 to $54.
Portfolio Pulse from Benzinga Newsdesk
DraftKings shares are trading lower after Goldman Sachs maintained a Buy rating on the stock but lowered its price target from $60 to $54.
August 05, 2024 | 12:32 pm
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DraftKings shares are trading lower after Goldman Sachs maintained a Buy rating on the stock but lowered its price target from $60 to $54.
The lowering of the price target by Goldman Sachs, despite maintaining a Buy rating, suggests a more cautious outlook on DraftKings' near-term performance. This has led to a negative market reaction, causing the stock to trade lower.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100