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.
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