tiprankstipranks

DraftKings price target raised to $48 from $47 at Susquehanna

Susquehanna analyst Joseph Stauff raised the firm’s price target on DraftKings to $48 from $47 and keeps a Positive rating on the shares. The firm believes expectations are too low considering a more “typical” seasonal pattern where DraftKings underperforms FanDuel in 2Q given anDuel’s stronger NBA product, but outperforms and gains share in 3Q given the strength/depth of its football product offering. Susquehanna sees DraftKing’s trading levels having fully reflected off- season industry fears versus the favorable performance the firm expects in 2H24.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue