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Technology Stocks : DraftKings, Inc. / Online Gambling -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (52)	6/3/2020 9:20:54 AM
From: rogermci®	2 Recommendations Recommended By Glenn Petersen sixty2nds Respond to of 282

More fuel for the fire: Canaccord Genuity raises their DKNG tgt to $50 from $35. Analyst Michael Graham said, "DraftKings has come out of the gates hot, up ~2x since its market debut on April 24 and up ~60% since reporting its first public quarter on May 15, despite the most barren period for live sports content in the modern era. Our investor conversations suggest a focused interest to gain an early position on the only pure play in the burgeoning online sports betting market. Clearly, the valuation has expanded to a premium level and there is an immense amount of required execution ahead. However, we find that investors' willingness to consider upside scenarios has been bolstered by recent positive datapoints around platform engagement and the legalization progress, and we expect the return to sports this summer and fall to contribute to this enthusiasm.