Is DraftKings an Undervalued Growth Stock to Buy?
DraftKings (DKNG) is expanding into new jurisdictions and adding new customers.
"Oversold" DraftKings Stock Could Rebound
DraftKings Inc (NASDAQ:DKNG) is 1.8% lower to trade at $39.18 at last check, pulling back toward its +10% year-to-date level and heading for a seventh-straight loss.
DraftKings Inc. (DKNG) is Attracting Investor Attention: Here is What You Should Know
Zacks.com users have recently been watching DraftKings (DKNG) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
DraftKings: Odds Are In Investor's Favor
In 3Q24, DKNG saw 39% y/y revenue growth, improved operating margin to -27.21%, and a 14% surge in new players. Overall, the industry continues to expand as more states legalize online gaming. Total market size to reach $39 billion by FY2029, growing at a rate close to 10% CAGR. DKNG continues to roll out multiple initiatives to capture growth while improving its margins. By 2025, the company expects a positive FCF of $850 million, representing an FCF margin of 13.28%.
Brokers Suggest Investing in DraftKings (DKNG): Read This Before Placing a Bet
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
DraftKings Forms Golden Cross: A Bullish Bet To $55
DraftKings Inc DKNG is rolling the dice on a strong technical setup.
DraftKings Inc. (DKNG) Is a Trending Stock: Facts to Know Before Betting on It
DraftKings (DKNG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
DraftKings Inc. (DKNG) CEO Jason Robins Hosts Craig-Hallum's 4th Annual Online Gaming Conference (Transcript)
DraftKings Inc. (NASDAQ:DKNG ) Craig-Hallum's 4th Annual Online Gaming Conference Call December 2, 2024 9:00 AM ET Company Participants Jason Robins - Founder & Chief Executive Officer Conference Call Participants Ryan Sigdahl - Craig-Hallum Ryan Sigdahl Good morning, everyone. Ryan Sigdahl here, senior analyst at Craig-Hallum.
Wall Street Bulls Look Optimistic About DraftKings (DKNG): Should You Buy?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Investors Heavily Search DraftKings Inc. (DKNG): Here is What You Need to Know
Recently, Zacks.com users have been paying close attention to DraftKings (DKNG). This makes it worthwhile to examine what the stock has in store.
DraftKings: Riding The Sports Betting Wave
DraftKings shows strong Q3 earnings with 39% YoY revenue growth, despite regulatory and tax headwinds impacting the sports betting industry. The investment thesis hinges on DKNG's aggressive marketing, duopoly with FanDuel, and potential growth in new states and international markets. Risks include potential tax increases and regulatory changes that could impact profitability and market position.
1 Growth Stock Down 43% to Buy Right Now
DraftKings' 85% advance from its 2022 low point still doesn't fully factor the company's potential.
