DKNG - DraftKings Stock Has 17% Upside According to 1 Wall Street Analyst
2024-03-08 05:20:00 ET
Now may be a great time to place a monster bet on next-generation sports wagering stock DraftKings (NASDAQ: DKNG) .
At least that's the view of one analyst team that recently upgraded its recommendation on the company while cranking the price target notably higher. DraftKings has a growing fanbase of believers, and these prognosticators are now clearly among them.
The leading pundit making the changes was Barclays Equity Research Analyst Brandt Montour. In mid-February, Montour and his team changed their recommendation on DraftKings to overweight -- buy, in other words -- from the previous stance of equal weight (hold).
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DraftKings Stock Has 17% Upside, According to 1 Wall Street Analyst