Sitting on a Cash Pile 16.0? Sports Betting in Vogue
Following a US Supreme Court decision in Y 2018, 32 states legalized sports betting, and with a new NFL season just about to start, there are some opportunities among online betting companies.
DraftKings Inc. (NASDAQ:DKNG) received a lot of attention from meme-stock investors in mid-June, and that pulled the online betting firm’s stock back into positive territory.
Shares are up about 12.5% YTD. We have 82 1yr price target, above the 70.80 consensus target. Friday DKNG closed within its 52-k range of 34.28 - 74.38 at 52.01. DraftKings does not pay a dividend.
Have a prosperous day, Keep the Faith!
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