JPMorgan raised the firm’s price target on DraftKings (DKNG) to $53 from $47 and keeps an Overweight rating on the shares. The firm highlighted DraftKings as the pure-play in the most attractive growth market in Gaming and continues to believe that DraftKings has an attractive revenue growth profile and ability to leverage its scale. The firm sees DraftKings as a direct beneficiary of attractive same-store and new market growth prospects.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DKNG:
- Bet On It: Senator says FanDuel, DraftKings should face antitrust probe
- Senator Lee asks FTC to investigate online gambling companies over anti-trust
- Robinhood CEO says ‘keenly looking into’ sports betting space
- Nevada reports October statewide gaming win down 2.19% to $1.29B
- DraftKings CEO says November was ‘more typical month’
Questions or Comments about the article? Write to editor@tipranks.com