_draftkings-stock-analysts-adjust-price-targets-ahead-of-ncaa-final-four-tournament.jpg "DraftKings Stock Analysts Adjust Price Targets Ahead of NCAA Final Four Tournament from beter expersan Video Screenshot Preview")
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⏲ Duration: 0:39
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✓ Published: 28-Mar-2024
👁 View: 440K times
✓ Published: 28-Mar-2024
Description:
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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