Share 
Needham has maintained a Buy rating on DraftKings, with analyst Bernie McTernan setting a $35 price target on the stock, according to a Sept. 19 analyst roundup published by TipRanks.
DraftKings shares closed at $22.47 last Thursday, putting Needham’s target notably above that level. The same roundup said Wall Street’s broader consensus on DraftKings is a Strong Buy, with an average price target of $32.72, implying 34.5% upside from current levels.
For PlayNY readers, this is more of a market sentiment update than a New York-specific operating or regulatory development. The source material does not identify any direct change to DraftKings’ sportsbook or casino products in the state.
Needham target sits above recent DraftKings close
The most recent call highlighted in the report came from McTernan, who maintained his Buy rating and $35 target on DraftKings. TipRanks also cited another recent bullish note on the company: Jefferies maintained a Buy rating with a $44 price target in a report issued on Sept. 3.
Those figures matter mainly as a snapshot of analyst sentiment around DraftKings as a publicly traded gambling operator. The source does not explain the specific reasoning behind either firm’s rating.
Broader analyst consensus remains bullish
Beyond the individual Needham call, the report said DraftKings carries a Strong Buy consensus rating from analysts overall. Its average price target of $32.72 compares with the $22.47 closing price cited in the article.
That does not guarantee future performance, but it shows that the analysts referenced in the roundup still see room for upside in DraftKings shares.
Readers tracking the company should watch for future analyst notes and company updates that provide more detail on business performance. As always, stock ratings are not the same as changes to customer offerings, and they do not alter responsible gambling considerations for New York players.
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Source: As reported by Tipranks.
