"DraftKings Stock Receives Multiple Upgrades and Positive Analyst Predictions"
TL;DR Summary
Barclays analyst Brandt Montour upgraded DraftKings stock to overweight, citing the company's strong position in the iGaming and sports betting markets. He highlighted DraftKings' success in online casino games and cross-selling efforts, as well as the potential for growth in the nascent iGaming market. Montour also emphasized the company's benefit from the increasing popularity of parlays in sports betting. He raised the price target for DraftKings stock to $50, indicating confidence in its future profitability and position as a leading player in the U.S. market.
- DraftKings benefits from a ‘gift that keeps on giving.’ Its stock has a new fan. MarketWatch
- DraftKings upgraded to Overweight: Analyst explains why Yahoo Finance
- Buy DraftKings Stock, New Bull Says. U.S. Digital Gaming Market Can Still Grow. Barron's
- J.P. Morgan Pounds the Table on DraftKings Stock - TipRanks.com TipRanks
- DraftKings Stock Has 35% Upside, According to 1 Wall Street Analyst The Motley Fool
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