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DraftKings price target raised to $54 from $50 at Canaccord

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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