DraftKings is trading at $20.05, +4.48%, after Bank of America upgraded its rating to Buy.
- The October 5 upgrade was from Neutral; the bank kept its $27 price target unchanged.
- Bank of America cited improving prediction-market prospects, estimating $400 million in potential 2027 fees and $200 million to $400 million from market-making activities.
- All three major U.S. indices were up more than 0.5%; no separate October 6 company announcement was identified.