Name: DraftKings (DKNG): Gambling Is An Appealing Sector
Uploaded: 2023-09-26T17:22:51.095-05:00
Duration: 4 min 36 s

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DraftKings (DKNG) has attractive same-store and new market growth, according to a JPMorgan analyst. JPMorgan upgraded DKNG to overweight from neutral. The analyst sees gambling as an appealing sector, and highlights that the company has “strong moat” that allows it to compete with places like ESPNBet, Fanatics, and Caesars. George Tsilis discusses this as JPMorgan raised DKNG’s price target to $37 from $26. He then demonstrates an example trade using DKNG. Tune in to find out more about the stock market today.

DraftKings (DKNG): Gambling Is An Appealing Sector

Expert commentary about top moving stocks, sectors, and commodities, along with CEO and analyst interviews.