Susquehanna analyst Joseph Stauff raised the firm’s price target on DraftKings to $51 from $49 and keeps a Positive rating on the shares. The firm said they believe investors are initially disappointed with its Q4 miss and initial skepticism of its $750M acquisition of Jackpocket.
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Read More on DKNG:
- M & A News: DraftKings (NASDAQ:DKNG) Bolsters Offerings with Jackpocket Deal
- DraftKings (NASDAQ:DKNG) Reports Mixed Q4 Results
- DraftKings Expands Empire with JackPocket Acquisition
- DraftKings Reaches Agreement to Acquire Jackpocket for $750 Million
- DraftKings Reports Fourth Quarter Revenue of $1,231 Million; Raises 2024 Revenue Guidance Midpoint to $4.775 Billion and 2024 Adjusted EBITDA Guidance Midpoint to $460 Million