Benchmark raised the firm’s price target on DraftKings to $50 from $41 and keeps a Buy rating on the shares. DraftKings’ Q4 financials demonstrated “exceptional resilience and strength,” especially after adjusting for unfavorable sports outcomes, the analyst tells investors. DraftKings has upwardly revised its FY24 guidance, “highlighting its robust growth prospects” and outstripping the consensus view, while the acquisition of Jackpocket “excites us for its potential to significantly boost customer value and acquisition efficiency,” the analyst added.
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Read More on DKNG:
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