DraftKings price target raised to $56 from $55 at JPMorgan – TipRanks Financial Blog

JPMorgan analyst Joseph Greff raised the firm’s price target on DraftKings to $56 from $55 and keeps an Overweight rating on the shares. The company reported “solid” Q1 results and another upbeat 2024 outlook, the analyst tells investors in a research note. The firm believes the report” should be enough for the stock to grind higher.”