DraftKings price target raised to $42 from $37 at Susquehanna

Susquehanna raised the firm’s price target on DraftKings to $42 from $37 and keeps a Positive rating on the shares. The firm said it seems the pendulum of investor skepticism has now “officially” swung its focus to FanDuel from DraftKings given the market’s concern for FanDuel’s 4Q23 guidance versus the significant marketshare gains and outperformance by DraftKings year-to-date.