DraftKings Is Questioned by the Market. Citi Says the Stock Is a Buy.



DraftKings


doesn’t get enough credit from the market, says one


Citi


analyst, citing the company’s ability to grow as more states legalize online sports betting.

In a research note issued Thursday, Citi analyst Jason Bazinet maintained a Buy rating on DraftKings stock (ticker: DKNG), with a target of $24 for the price, roughly double the current level. The stock offers compelling potential rewards relatively to the risks, while the company is on track to hit its long-term goals, he said.

Source: https://www.barrons.com/articles/draftkings-questioned-citi-stock-buy-51671199629?siteid=yhoof2&yptr=yahoo