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✓ Published: 28-Mar-2024
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✓ Published: 28-Mar-2024
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DraftKings stock analysts updated their price targets ahead of the NCAA Final Four tournament, a major betting event. Mizuho initiated coverage with a Buy rating and $58 price target, citing upside from same-state growth and operational efficiencies. Susquehanna raised its target to $54 based on strong Q1 revenue trends through February, before March tournament betting. Bank of America raised its target to $54 and reiterated its Buy rating, saying DraftKings is distinguishing itself through a balanced focus on marketing and technology.
DraftKings stock analysts updated their price targets ahead of the NCAA Final Four tournament, a major betting event. Mizuho initiated coverage with a Buy rating and $58 price target, citing upside from same-state growth and operational efficiencies. Susquehanna raised its target to $54 based on strong Q1 revenue trends through February, before March tournament betting. Bank of America raised its target to $54 and reiterated its Buy rating, saying DraftKings is distinguishing itself through a balanced focus on marketing and technology.
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