Analysts raise DraftKings targets, maintain positive ratings
TD Cowen analyst Lance Vitanza maintained a Buy rating on DraftKings with a new price target of $35, up from $30. JP Morgan analyst Daniel Politzer also maintained an Overweight rating, raising the target to $34 from $31.
*this image is generated using AI for illustrative purposes only.
TD Cowen and JP Morgan have both raised their price targets for DraftKings (NASDAQ: DKNG), reflecting an updated outlook on the company's valuation and market position. TD Cowen analyst Lance Vitanza maintained a Buy rating and increased the target to $35 from $30. Separately, JP Morgan analyst Daniel Politzer maintained an Overweight rating and lifted the target to $34 from $31. These adjustments indicate continued confidence in the stock's potential.
Rating and Target Details
The revised price targets represent increases from previous levels, with both firms retaining their positive stances on the shares.
| Analyst | Firm | Rating | Previous Target | New Target |
|---|---|---|---|---|
| Lance Vitanza | TD Cowen | Buy | $30 | $35 |
| Daniel Politzer | JP Morgan | Overweight | $31 | $34 |
What specific market trends or data points drove TD Cowen and JP Morgan to raise their price targets simultaneously?
How might DraftKings' recent financial performance or user growth metrics influence future analyst expectations?
Could increased competition in the sports betting industry impact DraftKings' ability to meet these revised targets?
17
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
