Canaccord raised the firm’s price target on DraftKings to $54 from $50 and keeps a Buy rating on the shares. The firm said they reported mixed Q4 results, with both revenue and profitability coming in below expectations but ongoing product enhancements and structural hold improvements led to significant market share gains for both OSB and iGaming,
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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
