Market News / Story
Why DraftKings (DKNG) Stock Is Up Today
Stock Story ·
Stock Story reports: What Happened? Shares of fantasy sports and betting company DraftKings jumped 2.8% in the morning session after Bank of America upgraded the stock from Hold to Buy with a $27 price target. According to TipRanks, Bank of America analysts Julie Hoover and Shaun Kelley kept that $27 target, which they said implies about 37% upside. Measured by the amount wagered, they found prediction markets such as Kalshi and Polymarket growing more slowly than traditional sportsbooks,…