DraftKings: A Pivotal 2025, Real Profits Ahead (Rating Upgrade)
DraftKings previously checked every red flag on my list, but with the stock down 30% and 2025 prospects, it's time to change the tone. Despite unprofitable quarters and high expenses, DraftKings' unique customers grew 42% Y/Y, and 2025 could see profitability with close to half a billion dollars in free cash flow. At $38/share, DraftKings' valuation is starting to make sense, with a 41x EV/FCF multiple for a 35% growth company.
DraftKings CEO on the March Madness betting surge
DraftKings CEO Jason Robins discusses the March Madness betting surge.
DraftKings CEO on March Madness: It's a great time for fans and a really important time for us
DraftKings CEO Jason Robins joins 'Squawk Box' to preview this year's NCAA men's basketball tournament, the March Madness betting surge, impact of NIL on college sports, and more.
Here is What to Know Beyond Why DraftKings Inc. (DKNG) is a Trending Stock
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 Stock Jumps 18% in 6 Months: Time to Buy, Sell or Hold?
DKNG showcases strong growth potential on a rapidly expanding customer base, disciplined expense management, and investments in live betting and iGaming.
DraftKings Inc. (DKNG) Morgan Stanley Technology, Media & Telecom Conference (Transcript)
DraftKings Inc. (NASDAQ:DKNG ) Morgan Stanley Technology, Media & Telecom Conference Call March 4, 2025 3:20 PM ET Company Participants Jason Robins - Co-Founder and Chief Executive Officer Conference Call Participants Stephen Grambling - Morgan Stanley Stephen Grambling I'm Stephen Grambling, the gaming, lodging and leisure analyst at Morgan Stanley. And my – our next presenter really needs no introduction, but I'm going to do it anyway.
Don't Sweat the DraftKings Stock Pullback
Shares of DraftKings Inc (NASDAQ:DKNG) were last seen down 3.9% at $39.99, after the sports betting giant closed on its senior secured Term Loan B credit facility for an increased $600 million -- up from the initially announced $500 million on the heels of higher demand.
1 Growth Stock Down 40% to Buy Right Now
I'm an avid sports fan, so I've been aware of the workings of sports betting for quite some time (for better or worse). However, sports betting has officially gone mainstream, and even casual fans are beginning to try their hand at it.
Is Trending Stock DraftKings Inc. (DKNG) a Buy Now?
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.
Wall Street Analysts See a 29.12% Upside in DraftKings (DKNG): Can the Stock Really Move This High?
The mean of analysts' price targets for DraftKings (DKNG) points to a 29.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Is DraftKings (DKNG) a Buy as Wall Street Analysts Look Optimistic?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Surging Earnings Estimates Signal Upside for DraftKings (DKNG) Stock
DraftKings (DKNG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
