What the Options Market Tells Us About DraftKings
Portfolio Pulse from Benzinga Insights
Recent options market activity indicates a bullish sentiment towards DraftKings (NASDAQ:DKNG), with 68% of investors showing bullish expectations. The options trading focused on a price range between $30.0 and $55.0. DraftKings, a leader in online sports and casino gambling, is currently live with online sports betting in 24 states and iGaming in seven states. The stock is slightly down at $45.39 with an RSI indicating it may be approaching overbought. Analyst ratings have a consensus target price of $54.8, with varying opinions on the stock's future performance.
April 09, 2024 | 6:15 pm
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DraftKings shows bullish sentiment in options market, with a price target consensus of $54.8 among analysts. The stock is currently at $45.39, indicating potential for growth.
The bullish sentiment in the options market, combined with the consensus target price from analysts, suggests a positive outlook for DraftKings. The current stock price compared to the target indicates potential for growth, making it an attractive option for investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100