DraftKings Could Have a 31% Upside, New Analyst Coverage Says

Rhian Hunt, The Motley Fool
·2 min read
DraftKings Could Have a 31% Upside, New Analyst Coverage Says

Fantasy sports operator DraftKings (NASDAQ: DKNG) has seen strong gains as the popularity of online sports betting rises quickly across America. Financial analysis firm Bernstein underscored that fact with its first-ever coverage of the company. Bernstein gave DraftKings a price target of $71 per share, more than 31% higher than its stock price at the start of trading today, along with an outperform rating.