DraftKings price target raised to $41 from $36 at Barclays

Barclays raised the firm’s price target on DraftKings to $41 from $36 and keeps an Equal Weight rating on the shares following the company’s Q4 earnings report. The analyst noted that DraftKings raised its FY24 guidance and announced it was planning to acquire Jackpocket, a digital lottery service provider, which Barclays feels is a clear “customer acquisition opportunity.”