DraftKings price target raised to $35 from $31 at Barclays

Barclays raised the firm’s price target on DraftKings to $35 from $31 and keeps an Equal Weight rating on the shares. Underlying operating leverage is beginning to show through, the firm said in a research note on Friday. 2024 guidance impressed, and still appears to bake in some conservatism, Barclays adds. But sentiment remains at the highs and formidable competition is on the come.