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Battle of the stocks: 2 Sports Gambling StocksThis summary was created by AI, based on 4 opinions in the last 12 months.
DraftKings (DKNG) is experiencing a complex landscape as it navigates both opportunities and challenges in the sports betting market. With a strong presence alongside Flutter, the company benefits from favorable market trends, even as it faces headwinds from regulations limiting access to a portion of the U.S. population. Recent partnerships, such as the one with Delta, signify potential growth avenues, and the rise in parlay betting reflects evolving consumer engagement. The company's performance typically peaks during football season, making it an advantageous short-term investment. However, the saturated market raises concerns about sustainability, prompting debate over the long-term value of the stock, despite its current lower price point. Analysts remain optimistic, with a price target suggesting potential upside.
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.
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
In the last year, 3 stock analysts published opinions about DKNG-Q. 1 analyst 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.
DraftKings was recommended as a Top Pick by on . Read the latest stock experts ratings for DraftKings.
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.
3 stock analysts on Stockchase covered DraftKings In the last year. It is a trending stock that is worth watching.
On 2025-04-03, DraftKings (DKNG-Q) stock closed at a price of $32.4.
Enjoys the same tailwinds, and a duopoly, with Flutter whom they trail in market share. Has pulled back hard from highs.