DraftKings Enters The Prediction Markets (Rating Upgrade) [Seeking Alpha]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Seeking Alpha
The launch is a response to increasing prediction market competition. The launch expands DKNG's addressable market massively and brings new markets into the company's offering. DKNG's brand equity should accelerate the platform launch. The prediction markets come with negatives as well. Up-front investments and lower structural margins are clear examples. DKNG stock's recent decline has created an attractive entry point. I estimate 43% upside to $49.2. Olga Whitman/iStock via Getty Images DraftKings Inc. DKNG ) entered the prediction markets. The online gaming giant is expanding its nationwide reach considerably with DraftKings Predictions, leading to added market potential. The launch comes with clear negatives as well, but the move seems This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article m
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DKNG
News
- You could have won money off what Trump said in Eastern NC Friday night [Yahoo! Finance]Yahoo! Finance
- Jim Cramer on DraftKings: “I Like It Very Much” [Yahoo! Finance]Yahoo! Finance
- DraftKings (NASDAQ:DKNG) had its "outperform" rating reaffirmed by analysts at UBS Group AG.MarketBeat
- DraftKings CEO on entry to prediction markets: We'll be able to compete just fine [CNBC]CNBC
- CoreWeave stock rallies, DraftKings launches prediction market [Yahoo! Finance]Yahoo! Finance
DKNG
Earnings
- 11/6/25 - Beat
DKNG
Sec Filings
- 12/11/25 - Form 4
- 12/11/25 - Form 4
- 12/5/25 - Form 4
- DKNG's page on the SEC website