DraftKings Jumps 9% After Wall Street Bets on More Growth

Shares of DraftKings (NASDAQ: DKNG) were running almost 9% higher in morning trading Wednesday after the daily fantasy sports and sports betting outfit held a virtual investor day conference yesterday and wowed analysts.

Online sports wagering has been one of the hottest tickets in gambling and DraftKings is one of the leaders, along with FanDuel. 

After hearing of DraftKings' plans, analysts immediately began upgrading their stock price targets. There was little need to boost their outlook as Wall Street was already fairly bullish, but the conference cemented their opinion that the sportsbook was going to be a dominating force.

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Source Fool.com