Barclays Maintains Overweight on DraftKings, Raises Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brandt Montour has maintained an Overweight rating on DraftKings and raised the price target from $43 to $45.
October 04, 2024 | 2:10 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Barclays has reaffirmed its positive outlook on DraftKings by maintaining an Overweight rating and increasing the price target to $45, indicating confidence in the company's growth potential.
The increase in price target from $43 to $45 by Barclays suggests a positive outlook on DraftKings' future performance. Maintaining an Overweight rating indicates that the analyst expects the stock to outperform the market. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100