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TOP PICK
One of the leaders of online sports betting with 32% market share. Our analyst Allan Tong gave a "buy on weakness" signal when the stock was trading at $20. It is now trading at around $10 a share. Social media mentions are up 40% over the last 24h.
Technology
HOLD
They're in a battle for market share. You will suffer until they win--and he believes DKNG will.
Technology
BUY on WEAKNESS
Allan Tong’s Discover Picks With its app, DK is one of the leaders of online sports betting along with Fan Duel. DK commands roughly a 32% market share in terms of app downloads. The app was a hit during Covid lockdowns. (In fact, the app launched in April 2020.) Shares topped at $73 in March 2021, but have since plunged to $20. Is DK a buying opportunity? Read Battle of the stocks: 2 Sports Gambling Stocks for our full analysis.
Technology
WATCH
Down 30% YTD. He used to own these options. Sports betting is a very competitive space, because there's growth, but there are heavy costs to attract customers. He's watching this space. Wouldn't buy these stocks yet.
Technology
BUY
Major League Baseball has postponed the start of its season due to a lock-out of its players, but that's not a reason to sell DFNG. Despite an environment of rising rates, the top line is growing and DKNG is increasing market share. Accompanying the latter is a rise in ad spend. All good.
Technology
PARTIAL BUY
Major League Baseball will figure it out (it is delaying the start of the season over a dispute with the players). The question is, is this stock at levels that you can trade it on the long side? Yes. Competition seems to be waning a little.
Technology
COMMENT
There are concerns with their marketing costs. It has positioned very well in every US state to legalize sports business. A good business, but there are too many players.
Technology
DON'T BUY
Speculative company and is hard to place valuation on it. Negative return on equity with little profitability and short history. Avoid if looking for a long term investment. Doesn't see company as worthwhile investment.
Technology
COMMENT
It's been under pressure, because it's like a war out there--so much competition. Look long term, but this could be painful short term.
Technology
HOLD
Very exciting growth potential. Kudos to management. Extremely expensive, so you have to form an opinion on how the recent acquisitions will play out over the next 2 years. Hold, and keep an eye on it.
Technology
BUY
Very well-run, but they need to spend a fortune to attract customers. They have 30% of the market. Disclosure: he works for them.
Technology
DON'T BUY
Not profitable. He owns Evolution Gaming in Sweden instead with very high and consistent ROIC, extremely rapid growth, involved in live casinos.
Technology

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TOP PICK
A risky but attractive market. A leader in the sector. It shot up on momentum last year. There will be lots of competition since the industry is new. Reported good quarters recently. Social media mentions are up 229% in the last 24 hours.
Technology
DON'T BUY
Potentially attractive market, and DKNG is a leader. Shot up last year with momentum. Difficult to model, the industry is new. There will be lots of competition. Short report is getting some attention. She's on the sidelines.
Technology
HOLD

Penn National and Draft Kings (where he works) just reported good quarters, but the shares went down. Investors struggled to find reasons, but sometimes declines are just dumb or for reasons unknown. There is zero evidence that gambling has peaked. In fact, he likes the stories behind both stocks. So, don't sell on this decline.

Technology
Showing 1 to 15 of 23 entries

DraftKings(DKNG-Q) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 4

Neutral - Hold Signals / Votes : 3

Bearish - Sell Signals / Votes : 3

Total Signals / Votes : 10

Stockchase rating for DraftKings is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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, 10 stock analysts published opinions about DKNG-Q. 4 analysts recommended to BUY the stock. 3 analysts 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?

10 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 2022-05-19, DraftKings (DKNG-Q) stock closed at a price of $14.15.