BMO Capital initiated coverage of DraftKings with an Outperform rating and $43 price target. The firm views DraftKings as “a mobile game company that happens to participate in the real-money betting genre” and says its positive view on DraftKings is informed by its experience watching the mobile gaming market explode alongside global smartphone sales.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on DKNG:
- Bet On It: NASCAR pacts facilitate sports betting operations in Tar Heel State
- DraftKings may miss Q4 estimates on weak November, says Benchmark
- Unusual call flow in option market yesterday
- Bullish roll in Draftkings follows recent defensive collar
- Open-Close data confirms defensive put spread collar in Draftkings