Wells Fargo initiated coverage of DraftKings (DKNG) with an Equal Weight rating and $31 price target The firm is “very bullish” on the outlook for domestic online sports betting growth, but waits for a better entry point into DraftKings given the near-term pressure on its results and competition.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DKNG: