BofA raised the firm’s price target on DraftKings to $50 from $45 and keeps a Buy rating on the shares after Barstool Sports announced a marketing agreement with DraftKings following the Super Bowl. With DraftKings set to report Q4 earnings after market close on Thursday, the firm thinks the key investor questions are whether the company can raise their 2024 guidance on underlying strength and about promotional activity in Q4, the analyst noted.
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