DraftKings (DKNG) has been one of Wall Street’s biggest standouts of 2020, with shares skyrocketing over 230%. The biggest question for investors, then, is whether those gains are likely to continue. Rosenblatt analyst Bernie McTernan came out with an answer.McTernan “continues to be bullish on DKNG,” after recent data pointed to positive trends in the online gaming space. The analyst believes “investors should use the recent pullback in shares, likely related to near-term uncertainty of sports returning, as a buying opportunity, especially for those with long-term time horizons.”iGaming momentum in New Jersey, the primary established sports betting market in the …read more
Source:: Yahoo Finance
