The Latest Breaking News from DraftKings

DraftKings Inc (NASDAQ: DKNG) is trading higher Wednesday following positive analyst coverage from Morgan Stanley. Morgan Stanley analyst Thomas Allen upgraded DraftKings from an Equal-Weight rating to an Overweight rating and announced a $31 price target.

Morgan Stanley analyst Thomas Allen upgraded DraftKings Inc (NASDAQ:DKNG) to Overweight from Equal Weight with an unchanged price target of $31, implying a 60.46% upside. Allen said that the stock's recent pullback presents an opportunity to invest for the long term. The analyst noted investors "should not ignore" that DraftKings is a leading player in…

DraftKings Inc (NASDAQ:DKNG) has entered into an exclusive market access partnership with Tulalip Tribes of Washington to bring its retail sportsbook experience to the state of Washington. DraftKings plans to open retail sportsbook locations at Tulalip Resort Casino and Quil Ceda Creek Casino, located about 30-minutes north of Seattle in Tulalip. The DraftKings…

Over the past 3 months, 6 analysts have published their opinion on DraftKings (NASDAQ:DKNG) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.