Barclays Maintains Overweight on DraftKings, Lowers Price Target to $43
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brandt Montour maintains an Overweight rating on DraftKings (NASDAQ:DKNG) but lowers the price target from $53 to $43.
August 05, 2024 | 11:19 pm
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Barclays analyst Brandt Montour maintains an Overweight rating on DraftKings but lowers the price target from $53 to $43.
The Overweight rating suggests a positive outlook, but the lowered price target indicates some concerns about future performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100