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

Stifel analyst Jeff Stantial raised the price target on DraftKings Inc. (NASDAQ: DKNG) to $57.00 (from $48.00) while maintaining a Buy rating.

The analyst commented, “DKNG outperformed meaningfully today, which we think reflects positive commentary on Q1TD re-acceleration, Q4 Adj. EBITDA beat, and +1% FY25 revenue guidance raise, all amplified given conservative positioning into the print. Leveraging DraftKings' new disclosures, we refine our top-down model and find that embedded S.S. OSB handle/iCasino NGR growth seems to factor little maturation/deceleration, with upside more likely coming from promo mitigation and/ or structural hold expansion.”

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