DraftKings price target raised to $51 from $50 at Macquarie

Macquarie raised the firm’s price target on DraftKings (DKNG) to $51 from $50 and keeps an Outperform rating on the shares. The company reported better losses in Q3, reflecting strong player acquisition and retention, new jurisdictions and the addition of Jackpocket, the analyst tells investors in a research note. The firm thinks DraftKings “represents one of the best bargains among high-growth companies.”