DraftKings Inc. (DKNG) PT Raised to $57 at Citi

Citi analyst Steven Sheeckutz raised the price target on DraftKings Inc. (NASDAQ: DKNG) to $57.00 (from $53.00) while maintaining a Buy rating.

The analyst comments "DraftKings (DKNG) reported 1Q24 revenue and Adj. EBITDA above the Street. In addition, the firm raised its 2024 outlook. We are updating our model to reflect the company’s performance to date and our latest outlook. Following our update, our target price goes from $53 to $57. We maintain our Buy rating."

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