DraftKings Inc. (DKNG) Overtakes FanDuel as top US Sportsbook - Loop Capital

Loop Capital analyst Daniel Adam reiterated a Buy rating and $105.00 price target on DraftKings Inc. (NASDAQ: DKNG) noting that the company has recently overtaken FanDuel as the top U.S. sportsbook app according to the latest rankings on Apple’s App Store.

The analyst stated "Recent market share gains are further supported by the latest monthly revenue/handle data reported by various state gaming commissions, and our analysis suggests another “beat and raise” quarter for our top pick. Implied upside to our Street-high $105 PT for DKNG is nearly 80% vs. last close."

For an analyst ratings summary and ratings history on DraftKings Inc. click here. For more ratings news on DraftKings Inc. click here.

Shares of DraftKings Inc. closed at $60.42 yesterday.

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