DraftKings (DKNG-Q)
NASDAQ:DKNG
36.66
0.05
(0.14%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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This summary was created by AI, based on 4 opinions in the last 12 months.
DraftKings (DKNG) is experiencing significant growth potential, especially in the sports betting and iGaming sectors, despite facing challenges due to regulation in some U.S. states. The company has effectively increased its parlay offerings, contributing to a recent year-over-year increase in customer count. Current market conditions see shares devalued, suggesting potential upside for investors willing to take advantage of this dip. Seasonal trends indicate that DKNG often performs well during high-profile sports events, particularly the NFL playoffs. However, opinions on the company's long-term viability vary, with some experts citing concerns over market saturation and the ethical implications of sports gambling.
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.
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)
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 2025-05-16, DraftKings (DKNG-Q) stock closed at a price of $36.66.
Enjoys the same tailwinds, and a duopoly, with Flutter whom they trail in market share. Has pulled back hard from highs.