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DraftKings (DKNG-Q)
NASDAQ:DKNG
37.87
0.88
(2.38%) 1d
Financials
Technical Analysis
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Battle of the stocks: 2 Sports Gambling StocksThis summary was created by AI, based on 3 opinions in the last 12 months.
DraftKings (DKNG) is seen positively by some experts due to its strong fundamentals and expanding market in a predominantly regulated sports betting environment. The company has effectively increased parlay use among its customers and recently entered a partnership with Delta, which could enhance its visibility and market reach. Despite a portion of the U.S. still restricting sports betting, there was a year-over-year increase in iGaming customer counts, suggesting potential for further growth. Additionally, historical trends indicate that the stock performs well during the NFL playoffs, making it an attractive short-term investment for traders. On the flip side, some experts express concerns regarding the morality of sports gambling, suggesting that the industry may face obstacles such as saturation and potential losses for companies involved, making it a contested sector.
Great fundamentals, though a quarter of the US still bans sports betting. DKNG has done a good job increasing parlay use. Delta just announced a partnership--we'll see how that plays out. iGaming saw a 14% bounce last quarter in customer count YOY; it's small, but has a lot of room to expand. Overall, DKNG has a lot going for it, and it does well during the NFL playoffs. Also, shares are down a lot, so shares are cheap.
He feels sports gambling is awful. We should see losses in these gambling companies because of the lack of duty of care. There will be fewer gambling companies ahead since it is a saturated industry.
Historically, stock does well in football season from now until the Super Bowl. Not a long-term, core holding. Get in, make some $$, get out. Technical setup looks really nice. Seasonally strong period for sports betting. Leader in the industry. No dividend.
(Analysts’ price target is $49.30)Wait until they report on May, because shares have gone up so much. Be cautious.
He recommended this where shares were worth half. Taylor Swift is attracting new female fans to the NFL and to betting, so that's a tailwind. However, the PE is no longer cheap.
Shares have been on fire. You want to own this heading into football season. It was upgraded today. The CEO is delivering.
Has a very good product and he likes it, but wants to see them operating in more states.
The spend on sports betting remains significant.
DraftKings(DKNG-Q) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 2
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 3
DraftKings(DKNG-Q) Frequently Asked Questions
What is DraftKings stock symbol?
DraftKings is a American stock, trading under the symbol DKNG-Q on the NASDAQ (DKNG). It is usually referred to as NASDAQ:DKNG or DKNG-Q
Is DraftKings a buy or a sell?
In the last year, 3 stock analysts published opinions about DKNG-Q. 2 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for DraftKings.
Is DraftKings a good investment or a top pick?
DraftKings was recommended as a Top Pick by on . Read the latest stock experts ratings for DraftKings.
Why is DraftKings stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is DraftKings worth watching?
3 stock analysts on Stockchase covered DraftKings In the last year. It is a trending stock that is worth watching.
What is DraftKings stock price?
On 2025-03-14, DraftKings (DKNG-Q) stock closed at a price of $37.87.
Enjoys the same tailwinds, and a duopoly, with Flutter whom they trail in market share. Has pulled back hard from highs.