TD Cowen analyst Stephen Glagola raised the firm’s price target on DraftKings to $39 from $35 and keeps an Outperform rating on the shares. The firm raised 2023 and outer-year revenue and EBITDA estimates reflecting upwardly revised guidance as they anticipate near-term noise around a quartely dip in Q4 OSB market share on tough NJ VIP compares and incremental competitor promo spend.
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