DraftKings Inc (NASDAQ: DKNG) shares are buying and selling larger amid anticipation of bigger betting quantity forward of the lads’s NCAA March Insanity basketball event. The event is scheduled to happen beginning Thursday, March 18, till Monday, April 5.
DraftKings additionally held an investor day occasion on March 9 to debate the corporate’s future.
DraftKings had 4 analyst score updates following the investor day:
- Financial institution of America reiterates a Impartial score with a $70 value goal.
- Morgan Stanley reiterates an Chubby score with a value goal of $66.
- Rosenblatt Securities reiterates a Purchase score and raises the value goal from $72 to $81.
- Needham reiterates a Purchase score with a value goal of $80.
DraftKings is a digital sports activities leisure and gaming firm. The corporate offers customers with every day fantasy sports activities, sports activities betting and is concerned within the design & growth of sports activities betting and on line casino gaming platform software program for on-line and retail sportsbook and on line casino gaming merchandise.
DraftKings shares are buying and selling larger by 1.86% at $72.94 at publication time. The inventory has a 52-week excessive of $74.09 and a 52-week low of $10.60.
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