1 Wall Street Analyst Thinks DraftKings Stock Is Going to $50. Is It a Buy?

Investors will be looking for a strong finish to the year to lift the stock out of its slump. Shares of DraftKings (DKNG -3.81%) rocketed to a 52-week high of $49.57 earlier this year on the back of strong growth in the online sports betting market. Recent concerns over regulatory headwinds have pulled the stock well off its highs, but Macquarie analyst Chad Beynon has an outperform (buy) rating on the shares with a$50 price target. Is the stock a buy now? Why buy DraftKings stock Illinois is the latest st ...