DraftKings price target raised to $60 from $50 at Barclays

Barclays analyst Brandt Montour raised the firm’s price target on DraftKings (DKNG) to $60 from $50 and keeps an Overweight rating on the shares. The company reported a Q4 beat and in-line guidance, the analyst tells investors in a research note. The firm says strong early year metrics collectively increase the likelihood of a “beat-and-raise” 2025 for DraftKings, “against sentiment that had swung too negatively.”