Extreme Option Profits Chart of Day…DraftKings Inc (DKNG)

Oversold around $56, DraftKings (DKNG) could be ready to pop.

Helping, analysts at Cowen just upgraded the stock to an outperform rating from market perform with a $70 price target.  They note the pullback provides a “more compelling risk/reward” with the pace of state legalization of sports betting. 

DKNG also saw an upgrade to a buy rating over at Guggenheim, which said, “We believe DraftKings is well positioned to capture a significant share of the rapidly growing North American Online Sports Betting (OSB) and iGaming markets,” as quoted by Investing.com.

This is just one of the opportunities we find quite often inside Extreme Option Profits. 


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