On the bright side, the analyst sees DraftKings’ 2022 as surprising to the upside, thanks to more states allowing sports wagering and the company’s non-fungible token (NFT) business, while noting online sports betting is still in its early innings.<\/strong><\/p>\nEncouraging Commentary on RSI<\/h2>\n
While shares of RSI are down 34.55 percent year-to-date, Kelly did offer up some positive views on the gaming company.<\/p>\n
The analyst noted that if Illinois approves iGaming, RSI could benefit in a significant fashion due to the operator’s superior brand recognition in that market, comparing that potential scenario to BetMGM’s internet casino dominance in Michigan.<\/p>\n
He adds that RSI remains a possible takeover target, but he declined to mention specific would-be suitors.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"A day after the Super Bowl, gaming equities are mixed and some sports betting stocks are dithering following the conclusion of football season. That includes DraftKings (NASDAQ:DKNG) and Rush Street Interactive (NYSE:RSI), which are trading lower to start the week after a sell-side analyst trimmed his price forecasts on the online sportsbook operators. In a […]<\/p>\n","protected":false},"author":46,"featured_media":201432,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,1074],"tags":[],"acf":[],"yoast_head":"\n
DraftKings, Rush Street Interactive Price Targets Cut By Oppenheimer<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n