2 Growth Stocks That Could Skyrocket in 2024 [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Yahoo! Finance
Businesses that serve wide-open markets and validate that opportunity with above-average revenue growth should see their share prices rise more often than fall. There are no guarantees, but this rule of thumb usually checks out. Here are two businesses that entered the year with wind in their sails and that could see their stock prices rise further in 2024 and beyond. DraftKings Investing in companies that are riding fast-growing industries is a surefire way to find winners in the stock market. DraftKings (NASDAQ: DKNG) is a leading brand in an absolutely exploding market for online sports betting and gambling. The company's revenue grew 64% in 2023, and with many states that have yet to legalize online sports betting, DraftKings has a long runway of growth ahead. According to Statista, the combined value of the online casino gambling and sports-betting markets could reach over $150 billion by 2029. That's a massive opportunity for a leading brand with only $3.7 billion in ann
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DKNG
News
- NBA, sportsbooks discussing changes to prop bets after Jontay Porter's ban: report [FOX News]FOX News
- 9 places to retire where you can go back to college practically free [Yahoo! Finance]Yahoo! Finance
- DraftKings CEO expands upon customer retention, revenue growth [Yahoo! Finance Canada]Yahoo! Finance Canada
- DraftKings CEO expands upon customer retention, revenue growth [Yahoo! Finance]Yahoo! Finance
- DraftKings Inc. (NASDAQ: DKNG) had its price target raised by analysts at Benchmark Co. from $50.00 to $52.00. They now have a "buy" rating on the stock.MarketBeat
DKNG
Earnings
- 5/2/24 - Beat
DKNG
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 5/3/24 - Form 3
- DKNG's page on the SEC website