CFRA cuts ratings on DraftKings stock on valuation concerns

Go back to CFRA cuts ratings on DraftKings stock on valuation concerns

DraftKings Inc. (DKNG) PT Raised to $65 at Needham

February 18, 2025 6:17 AM EST

Needham analyst Bernie McTernan raised the price target on DraftKings Inc. (NASDAQ: DKNG) to $65.00 (from $60.00) while maintaining a Buy rating.

The analyst comments "We reiterate our Buy rating on DKNG shares and increase our PT to $65 using a higher target multiple.... More