Berenberg analyst Jack Cummins upgraded DraftKings (DKNG) to Buy from Hold with a price target of $43, down from $45. The volatility of prediction markets and share price drops of companies operating in the gambling have created opportunities, the analyst tells investors in a research note. The firm upgraded DraftKings on valuation following the recent selloff.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DKNG:
- Mixed options sentiment in DraftKings with shares up 3.23%
- DraftKings tells customers about credential stuffing attacks, BC says
- Mixed options sentiment in DraftKings with shares down 5.32%
- DraftKings price target lowered to $54 from $58 at Mizuho
- DraftKings, Flutter slide as NYSE owner invests in Polymarket