DraftKings Inc. is trading 7.35% up at $26.29 after analysts at Citizens reiterated a Market Outperform rating on the stock with a $34.00 price target.
- The positive commentary highlights the company's expansion into prediction markets, with recent filings positioning it for the upcoming World Cup which is expected to act as a tailwind.
- Citizens noted the prediction market opportunity remains "underappreciated" and could be an upside catalyst for the stock.
- This optimistic outlook is outweighing a 'Sell' rating from a Seeking Alpha contributor published over the weekend, which had cited intensifying competition as a headwind.