DraftKings price target raised to $28 from $26 at Susquehanna

Susquehanna analyst Joseph Stauff raised the firm’s price target on DraftKings to $28 from $26 and keeps a Positive rating on the shares. The analyst said we’ve observed increased signs of accelerating user growth, and when combined with our thesis, our conviction level is very high, and this will translate into market share gains in 1H23 and likely through 2023.