Stifel analyst Jeffrey Stantial raised the firm’s price target on DraftKings to $32 from $25 and keeps a Hold rating on the shares ahead of the company’s Q2 report due after the close on August 3. The firm forecasts a Q2 beat, reflecting favorable hold, solid online sports betting market share during the NBA playoffs and MLB season, improvements in iCasino product, and “sustained rationality” in market in terms of marketing and promos, the analyst tells investors in an earnings preview note.
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