Bank of America Upgrades DraftKings to 'Buy' Rating
DraftKings Inc. (NASDAQ: DKNG) is gaining attention after Bank of America upgraded its rating on the stock from Neutral to Buy, signaling increased confidence in the company's long-term prospects. Analyst Julie Hoover highlighted that her firm had previously stayed cautious but now sees potential for growth over a multi-year horizon. The upgrade comes amid ongoing recovery efforts within the online gaming and sports betting sector as states continue expanding legal wagering options. The move is expected to attract investor interest, particularly in light of BofA's strategic shift toward a more optimistic outlook on DraftKings' 2027 trajectory.
Topics: Bank of America DraftKings stock upgrade