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Battle of the stocks: 2 Sports Gambling Stocks
Investor Insights

This summary was created by AI, based on 3 opinions in the last 12 months.

Based on the reviews, the experts seem to agree that DraftKings is a strong contender in the sports betting industry, especially during the football season. They suggest it as a short-term investment opportunity with a favorable technical setup. However, there are concerns about the stock's valuation and the recent significant increase in share price. Despite these concerns, there is recognition of potential growth due to the influence of figures like Taylor Swift. Overall, the consensus is that DraftKings presents both opportunities and risks for investors.

Consensus
Mixed
Valuation
Fair Value
TOP PICK
DraftKings

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)
Technology
WAIT
DraftKings

Wait until they report on May, because shares have gone up so much. Be cautious.

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BUY
DraftKings

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.

Technology
BUY
DraftKings

Shares have been on fire. You want to own this heading into football season. It was upgraded today. The CEO is delivering.

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WEAK BUY
DraftKings

Has a very good product and he likes it, but wants to see them operating in more states.

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BUY
DraftKings

The spend on sports betting remains significant.

Technology
BUY
DraftKings
He likes the gambling stocks, certainly more than cryptos. Shares are cheap.
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HOLD
DraftKings
They're in a battle for market share. You will suffer until they win--and he believes DKNG will.
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BUY ON WEAKNESS
DraftKings
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
DraftKings
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
DraftKings
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
DraftKings
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
DraftKings
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
DraftKings
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.
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DraftKings(DKNG-Q) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

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, 1 stock analyst published opinions about DKNG-Q. 1 analyst recommended to BUY the stock. 0 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?

1 stock analyst on Stockchase covered DraftKings In the last year. It is a trending stock that is worth watching.

What is DraftKings stock price?

On 2024-12-12, DraftKings (DKNG-Q) stock closed at a price of $41.515.