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DraftKings Stock Jumps After Bank of America Says It’s Time to Buy the Stock
DraftKings shares are down more than 40% this year even with Monday’s surge.Credit: Smith Collection / Gado / Getty ImagesKey TakeawaysDraftKings shares climbed Monday after Bank of America upgraded the stock to “buy” from “neutral.”The analysts cited the stock’s recent pullback and anticipated growth from prediction markets. Bank of America said it sees an opportunity for investors in DraftKings stock after an extended slump.Shares of DraftKings (DKNG) climbed over 7% to $20 in recent trading, after Bank of America analysts upgraded the sports betting firm’s stock to “buy” from “neutral” and…
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