Why These 5 Stocks Are in the Spotlight on Monday

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1. DraftKings Inc. (NASDAQ:DKNG) has ascended 1.36% as of 12:50 PM ET after coverage on the Boston, Massachusetts-based online betting firm was reinstated by David Katz at Jefferies with a Buy rating and a price target of $33. In a note issued to investors earlier today, the analyst highlighted that the current risk and return of DraftKings Inc. (NASDAQ:DKNG) stock are very favorable. Furthermore, DraftKings Inc. (NASDAQ:DKNG) is best positioned in the digital betting industry with a strong brand, the advantage of being the first mover, and clarity regarding strategy moving forward. Katz also thinks that the market’s concern about DraftKings Inc.’s (NASDAQ:DKNG) ability to sustain its EBITDA burn through cash is over the top.

Overall, DraftKings Inc. (NASDAQ:DKNG) was held by 34 hedge funds as of Q4 2021.

You can also take a peek at the 10 Software Stocks to Buy Now According to Jim Davidson’s Silver Lake Partners and 10 Favorite Stocks of Dan Loeb’s Third Point.

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