DraftKing Stock Pops After Upgrade, Price-Target Hike
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DraftKings Inc (NASDAQ:DKNG) stock rose 2.5% to $35.16 following an upgrade from Wells Fargo to "overweight" with a price target increase from $31 to $49. Analysts are generally bullish, with 27 of 33 rating it a "buy" or better. The 12-month consensus target is $45.38, indicating a 29.1% premium. Despite the rise, the $37.50 level poses resistance. Options traders show optimism, with a high call/put volume ratio of 7.29, and the stock has a Schaeffer's Volatility Scorecard of 94, indicating higher volatility than expected.
Source: Schaeffers The copyright of this article belongs to the original author/organization.
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