Susquehanna raised the firm’s price target on DraftKings (DKNG) to $61 from $54 and keeps a Positive rating on the shares. The firm said the better than feared print versus its modestly higher 2025 guide created a +6% reaction in shares in the pre-market especially given what we estimate is conservative full-year guidance.
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Read More on DKNG:
- Optimistic Outlook for DraftKings: Strong Start to 2025 and Robust User Growth Drive Buy Rating
- DraftKings price target raised to $60 from $54 at Canaccord
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