JPMorgan analyst Joseph Greff raised the firm’s price target on DraftKings (DKNG) to $61 from $53 and keeps an Overweight rating on the shares. The firm updated the company’s model post the Q4 report. DraftKings highlighted a re-acceleration of handle post-election and through Q1-to-date, the analyst tells investors in a research note. The firm sees potential for more upside than downside to the company’s 2025 guidance if underlying momentum in engagement and structural hold rate continue.
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