As a new football season kicks off, gambling-related stocks are reemerging as an interesting play for investors looking to get into the game. One stock in particular has caught the attention of a Wall Street analyst who says this online gambling company could be a big score.
Chad Beynon, a senior gaming analyst at Macquarie Capital, believes DraftKings is the top online gambling stock to own as the National Football League regular season prepares to start on Sept. 5.
Boston-based DraftKings was trading around $35.33 per share as of Tuesday’s market close. Beynon and the team at Macquarie placed a target price of $50 per share on the stock.
