Online sports betting player DraftKings’ (DKNG) short life as a public company has so far proved to be a roaring success. The stock is up by a mighty 265% year-to-date, despite various headwinds. Covid-19 has played its part, with sports bought to a standstill by the pandemic, and upcoming schedules subject to further disruption should cases rise again. Additionally, the nascent sector has yet to clear various regulatory hurdles and receive the go ahead signal in multiple states across the country.But Following a virtual meeting with DraftKings’ management, Oppenheimer analyst Jed Kelly notes the top brass’ confident take on the …read more
Source:: Yahoo Finance
