Argus raised the firm’s price target on DraftKings to $53 from $46 and keeps a Buy rating on the shares. The legalization of online sports betting in additional states should see the company’s revenue jump to $4.7B in 2024 from $3.7B in 2023, the analyst tells investors in a research note. Tailwinds for DraftKings include market share gains and greater customer retention, the firm added.
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