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Worried Ahead of DraftKings' (NASDAQ:DKNG) Earnings? Consider This Options Strategy

Analyzing the recent earnings performance history of online sportsbook DraftKings (NASDAQ:DKNG), questions arise about the company being able to continue its win streak. Analysts are bullish on the sports betting firm, but DKNG has outperformed their price targets, and options flow screeners hint at major traders’ growing pessimism. While the potential for more positive legal developments makes me long-term bullish on DKNG stock, cautious investors may want to hedge their portfolios with ...
United States David Moadel Steve Anderson Jittery About Options Can Draftkings Stock
Source: yahoo.com

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DraftKings Stock Has Recipe for Upside, Says Cowen Analyst

DraftKings (NASDAQ:DKNG) stock is trading modestly higher Monday with the help of a sell-side upgrade. DraftKings CEO Jason Robins pictured above. Research firm Cowen sees appreciation coming for the stock. (Image: Getty Images) Cowen analyst Stephen Glagola boosted his rating on the daily fantasy sports (DFS) provider to โ€œoutperformโ€ from โ€œmarket perform,โ€ while lifting his price target on the name to $70. That implies upside of 23.5 percent from the April 30 close. In his new enthusia...
United States West Virginia Stephen Glagola Cownen Glagola Entain Plc Draftkings Stock Gets Modest Boost
Source: casino.org

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