Why DraftKings Stock Rose Today

Shares of DraftKings (NASDAQ: DKNG) climbed 3.7% on Monday as analysts lauded the fantasy sports and betting platform's growth prospects. 

Credit Suisse analyst Benjamin Chaiken placed an "outperform" rating and $76 target price on DraftKings' stock. If he's right, shareholders will enjoy returns of more than 50% based on the stock's current price near $50.

DraftKings' investors could enjoy hefty gains, according to Credit Suisse analyst Benjamin Chaiken. Image source: Getty Images.

Continue reading

Source Fool.com