DraftKings Stock Scores New 52-Week High: What's Going On?

DraftKings Inc. DKNG shares are trading higher Friday on continued upward momentum. The stock has climbed more than 27% over the last month.

What To Know:

DraftKings shares set a new 52-week high of $38.72 Friday after climbing more than 10% in the last five days, according to Benzinga Pro.

Several analyst raised their price targets on DraftKings in the last week:

• Craig-Hallum analyst Ryan Sigdahl maintained DraftKings with a Buy and raised the price target from $40 to $45.
• Guggenheim analyst Curry Baker maintained DraftKings with a Buy and raised the price target from $39 to $45.
• Susquehanna analyst Joseph Stauff maintained DraftKings with a Positive and raised the price target from $37 to $42.
• Benchmark analyst Mike Hickey maintained DraftKings with a Buy and raised the price target from $37 to $41.

According to data from Benzinga Pro, DKNG shares are trading well above the stock's 50-day moving average of $30.38 and continue to trade near its new 52-week high of $38.72 set Friday.

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DKNG Price Action: According to Benzinga Pro, DraftKings Inc. shares are up 3.4% at $38.61 at the time of publication.

Image: GooKingSword from Pixabay