DraftKings price target raised to $60 from $53 at Wells Fargo

Wells Fargo raised the firm’s price target on DraftKings (DKNG) to $60 from $53 and keeps an Overweight rating on the shares. The company’s Q4 results and fiscal 2025 guide were as expected, but new disclosures and favorable Q1-to-date suggest DraftKings “could comfortably meet, and potentially exceed, its guidance, returning to the days of beats and raises,” the analyst tells investors in a research note. Wells says the stock remains a top pick for 2025.