Wells Fargo raised the firm’s price target on DraftKings to $39 from $37 and keeps an Overweight rating on the shares post the company’s impressive Q3 report. DraftKings is firing on all cylinders, the firm says, gaining momentum, share, and achieving op. scale. Wells views the upcoming CMD as a catalyst, believes investor appeal should broaden, and still sees upside to FY24 EBITDA.
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Read More on DKNG:
- DraftKings price target raised to $43 from $41 at Citi
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