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

Northland raised the firm’s price target on DraftKings (DKNG) to $60 from $50 and keeps an Outperform rating on the shares after the company delivered results that exceeded the firm’s estimates. DraftKings is continuing to achieve solid conversion into its parlay offerings, supporting a higher than expected structural hold rate, which is reflected in the “strong start to 2025,” the analyst tells investors in a post-earnings note.