TD Cowen raised the firm’s price target on DraftKings (DKNG) to $60 from $51 and keeps a Buy rating on the shares. The firm raised its estimates to reflect increased confidence in its ability to meet FY25 targets driven by accelerating OSB handle improving structural hold rates and promo optimization. Strong Super Bowl results and Missouri launch potential add upside not reflected in guidance.
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Read More on DKNG:
- DraftKings price target raised to $53 from $49 at Morgan Stanley
- DraftKings price target raised to $53 from $41.30 at Berenberg
- DraftKings price target raised to $60 from $50 at Northland
- DraftKings price target raised to $65 from $60 at Needham
- DraftKings price target raised to $60 from $50 at Argus
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