Macquarie highlights DraftKings as “a top Online stock to own into NFL season,” noting that while North American Online gaming stocks are up 18% year-to-date on average, DraftKings has lagged the group, being flat year-to-date given recent regulatory headwinds combined with its heavy U.S. concentration. As U.S. regulatory headwinds stabilize, the firm sees DraftKings as best positioned for near-term upside from favorable NFL game outcomes, higher structural hold, and general online sports betting and iGaming growth momentum, says the analyst, who has an Outperform rating and $50 price target on the shares.
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