DraftKings price target raised to $52 from $46 at Jefferies

Jefferies analyst David Katz raised the firm’s price target on DraftKings to $52 from $46 and keeps a Buy rating on the shares. The company’s Q4 results and guidance, in addition to the recently announced acquisition of Jackpocket, further the view that DraftKings “remains secure in its leadership role” in the U.S. digital, the analyst tells investors in a research note. The firm believes the company’s business execution improvement is “ample support” for estimates progressing higher and the continued positive momentum in the shares.