Why DraftKings Is Jumping Almost 5% Higher Today
Shares of DraftKings (NASDAQ: DKNG) were running 4.6% higher in afternoon trading Friday, while the broad market index was flat after an analyst at Oppenheimer raised his price target on the fantasy-sports and sports-betting leader.
DraftKings is already one of the top sportsbooks in the country alongside Flutter Entertainment's FanDuel. Oppenheimer analyst Jed Kelly sees DraftKings generating over $1 billion in revenue in 2021, which would be a near doubling of its fiscal 2020 performance.
Image source: DraftKings.
Source Fool.com
