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Bank of America upgraded shares of DraftKings from a "neutral" rating to a "buy" rating and set a $27.00 target price for the company in a research report on Monday.
DraftKings rebounds after a Bank of America upgrade as DKeX prediction markets, stronger customer acquisition and regulatory risk reshape the DKNG outlook.
DraftKings, Inc. (NASDAQ:DKNG) drew fresh attention as the company detailed a plan to merge its sportsbook, casino, lottery and event-market features into a sole combined application, a move that reframes how the midcap online gaming brand reaches everyday users.