DraftKings Stock Sagging, But Guggenheim Sees Upside Coming
DraftKings (NASDAQ:DKNG) stock is mired in a slump. But that’s not preventing some analysts from sticking with or starting new bullish outlooks on the name. A DraftKings sign in Boston. Guggenheim analyst Curry Baker sees big upside for the stock. (Image: Boston Globe) Guggenheim analyst Curry Baker initiated coverage of the sportsbook operator today with a “buy” rating and a $75 price target. That’s slightly above the Wall Street consensus of $73.27, but still implies potential upside of 30.5 percent from the April 29 close. In what’s one of the rosier forecasts to date, Baker says the combined North American iGaming and online sports betting markets could eventually be worth …