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Credit Suisse offered its 2015 Outlook on Gaming, Lodging & Leisure Friday along with its Best Ideas for 2015. Analysts Joel Simkins and Benjamin Chaiken commented that they “see the most opportunity within lodging and leisure sectors, owing to the domestic consumer recovery, pricing... Read More... Don't Miss Any Updates! News Directly in Your Inbox Subscribe to:
Share: The large online sports betting and iGaming markets has an analyst impressed with the opportunity for DraftKings to keep its competitive advantage and grow with the market. The DraftKings Analyst: Guggenheim analyst Curry Baker initiated Draftkings Inc (NASDAQ: DKNG) with a Buy rating and a $75 price target. The DraftKings Takeaways: The online sports betting market could reach $26 billion in the U.S. according to estimates from Baker. The analyst assigns a market size of $44 billion to the nation's iGaming market. “Beyond the momentum towards legalization and the inherent tailwin...
Share: Pure play sports betting company DraftKings Inc (NASDAQ: DKNG) gets an upgrade on Wednesday based on the total addressable market size rising with additional states launching and legalizing sports betting and iGaming. The DraftKings Analyst: Morgan Stanley's Thomas Allen upgraded DraftKings from Equal-Weight to Overweight and raises the price target from $39 to $60. The DraftKings Takeaways: The total addressable market for sports betting and iGaming has improved and Allen is raising forecasts. “While stay-at-home tailwinds likely helped, the strength in iGaming has extended well b...