Morgan Stanley raised the firm’s price target on DraftKings to $38 from $36 and keeps an Overweight rating on the shares. The firm is raising FY24/25 revenue estimates about 5% and raising its FY24 EBITDAR estimate about 5% after the company’s “solid” Q3 results and it’s above consensus 2024 guidance. The firm believes DraftKings “remains one of the best idiosyncratic growth stories within consumer despite a choppy economic environment,” the analyst added.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on DKNG: