The start of the NFL season could see a flood of sign-ups and activity on sports gambling apps, and several of the stocks tied to the industry have significant upside, according to Wall Street analysts. The NFL season began on Thursday, with the Detroit Lions defeating the Kansas City Chiefs. There are 15 more games on Sunday and Monday, and gambling will likely be a hot topic on pregame shows and frequently promoted during commercial breaks.
MGM Resorts International is another example of a company that has a diversified gaming portfolio. Its stock has 33% upside, according to FactSet. "BetMGM, market share leader , is also the leader in content breadth, though skews heavily to slots, which matches well with its casino-first customer database, brand and land-based footprint," Montour said. The most well liked stock on the list, however, is more specialized.
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Source: CNBC - 🏆 12. / 72 Read more »