DraftKings Stock Analysts Adjust Price Targets Ahead of NCAA Final Four Tournament

  • 2 months ago
DraftKings stock analysts updated their price targets ahead of the NCAA Final Four tournament, a major betting event. Mizuho initiated coverage with a Buy rating and $58 price target, citing upside from same-state growth and operational efficiencies. Susquehanna raised its target to $54 based on strong Q1 revenue trends through February, before March tournament betting. Bank of America raised its target to $54 and reiterated its Buy rating, saying DraftKings is distinguishing itself through a balanced focus on marketing and technology.