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DraftKings Inc. (NASDAQ:DKNG) shares are gaining ground on Tuesday, following a bullish stance from analysts.
Mizuho Lifts Price Forecast
Mizuho maintained an outperform rating on DraftKings on Tuesday. The firm raised its price forecast from $44 to $45. This update follows a wave of analyst activity on Monday.
Guggenheim’s Vamil Divan maintained a Buy but lowered his price forecast to $35. Meanwhile, Barclays raised its price forecast to $35.
Q1 Earnings Double Beat
The positive sentiment stems from the May 7 earnings report. DraftKings reported adjusted earnings of 20 cents per share, which …
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