DraftKings Inc. shares have lagged the S&P 500 since late July, and now JPMorgan sees a buying opportunity.
Shares of DraftKings were up more than 3% in Tuesday’s premarket action. The stock is up 140% so far this year despite its pullback over the past two months. “Customer acquisition costs can continue declining as national scale is achieved and sales/marketing costs fall precipitously,” Greff wrote, lifting his price target on DraftKings shares to $37 from $26.
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