Growth stocks have been some of the best-performing investments over the last few years, but 2025 brought some challenges for growth investors. The increased volatility from growing global trade tensions and economic uncertainty hasn't been kind.
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?
DraftKings (DKNG) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Shares of several sports betting companies dropped Monday after lawmakers in Illinois passed a state budget that includes a new tax on the industry.
SailGP is providing real-time odds to gaming platfoms to allow users to place bets SailGP's sports betting push is part of a broader strategic plan to attract new fans, drive deeper engagement and grow the league's popularity
There are many different methods investors can utilize to identify the best growth stocks to buy right now.
During an earnings season where analysts expected many companies to lower guidance, darling gambling stock DraftKings NASDAQ: DKNG was one that had to do just that. Even as shares are down nearly 34% from their all-time high reached in February as of the May 21 close, DraftKings stock is still up more than 150% over the past three years.
DraftKings is nearing profitability, potentially as soon as 2025, driven by improving margins and disciplined cost management. Despite a slightly disappointing Q1, DraftKings is gaining market share and benefiting from the ongoing legalization of online betting. The company's premium valuation is justified by its strong US exposure, high growth outlook, and steady progress toward free cash flow.
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?
DraftKings' NASDAQ: DKNG price action hit a 9-month low in early Q2 due to unfounded fears of weakening business in Q1. However, it is now in an updraft that can take it to a multi-year high by the end of 2025.
DraftKings (DKNG) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
It's said the house always wins in gambling. But as sports betting and iGaming statistics and algorithms continually improve, the favorite often wins, too.