DraftKings Looks Appealing As TAM Expands Led By New Markets And Robust Tech Stack [Seeking Alpha]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Seeking Alpha
The company has made key updates, including an intent to acquire online lottery app Jackpocket and expanding its Online Sports Betting offering into newer markets. DraftKings has strong growth potential as the online gambling market expands, with a focus on online sports betting. My model implies ~16% upside from current levels. Investment Thesis Gaming engagement among Americans hovers at all-time highs , while the online gambling industry is projected to grow in the mid-teens. As the gambling market continues to push into newer highs, as I will unpack in the post below, regulation and Recommended For You Recommended For You
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High impacting DraftKings Inc. - Class A news events
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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