DraftKings A Winner In Sports Betting Sector, Analysts Expect Momentum To Continue

Benzinga ·  Sep 25, 2023 13:17

Sports betting companyDraftKings Inc(NASDAQ:DKNG) continues to get strong ratings from analysts with the NCAA Football and NFL seasons in full swing.

Analysts look at app rankings, promotional activity and visit the company's Boston headquarters to get a feel of what's happening now and what's ahead.

Needham on DraftKings: DraftKings' rivals are stepping up efforts to gain new customers and market share.

Needham's Bernie McTernan, who has a Buy rating on DraftKings and a $44 price target, notes that several companies increased promotion activity in the third week of the NFL's 2023-2024 season.

"We observed...

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