DraftKings Stock Has 30% Upside, According to 1 Wall Street Analyst [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Yahoo! Finance
even after the sports gambling company reported 53% Q1 sales growth, and raised sales guidance through the rest of the year. But they appear to be having a rethink. Since selling off Friday, DraftKings stock has won back all its losses, and even a bit more. Part of the reason for this may be the positive assessment Citigroup analyst Steven Sheeckutz gave on DraftKings' report: He thinks DraftKings stock is a buy ... and predicts it will hit $57 within a year. It closed Friday just below $42. Is DraftKings stock a buy? Sheeckutz calls DraftKings a first-mover in online betting, and argues the company is an innovator in this growing market, with the scale to outperform. These are debatable points. Last year, DraftKings reportedly overtook privately held FanDuel in overall market share -- 31% to 30%. But an update on LegalSportsReport in March put FanDuel's revenue growth at 56% versus the 53% that DraftKings just reported -- suggesting FanDuel may have retaken the lead. Worst
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News
- Dow Tags 40K. SPX Hits AT High. Here Are 3 Ways To Profit! [Forbes]Forbes
- Cramer's Lightning Round: DraftKings is a buy [CNBC]CNBC
- DraftKings Inc. (NASDAQ: DKNG) had its price target raised by analysts at UBS Group AG from $56.00 to $60.00. They now have a "buy" rating on the stock.MarketBeat
- CFTC Aims To Ban Derivatives Based On Elections, Athletic Competitions And Awards Contests [zero hedge]zero hedge
- Vasiliy Lomachenko vs George Kambosos Jr. live updates: How to watch, stream fight, predictions [USA TODAY]USA TODAY
DKNG
Earnings
- 5/2/24 - Beat
DKNG
Sec Filings
- 5/17/24 - Form 8-K
- 5/15/24 - Form 4
- 5/15/24 - Form 4
- DKNG's page on the SEC website