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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.

Experts have varying opinions on DraftKings, with one recommending it due to potential growth with Taylor Swift attracting new female fans to the NFL, but cautioning about the high PE. Another expert highlighted the stock's strong performance and upgrade, while a third expert noted the company's good product but expressed a desire for expanded operations. Overall, the experts are optimistic about the stock's potential but have some reservations.

Consensus
Optimistic
Valuation
Fair Value
Similar
PennNational, PENN-Q
WAIT
DraftKings

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

Technology
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.

Technology
WEAK BUY
DraftKings

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

Technology
BUY
DraftKings

The spend on sports betting remains significant.

Technology
BUY
DraftKings
He likes the gambling stocks, certainly more than cryptos. Shares are cheap.
Technology
HOLD
DraftKings
They're in a battle for market share. You will suffer until they win--and he believes DKNG will.
Technology
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.
Technology
COMMENT
DraftKings
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
Showing 1 to 15 of 29 entries

DraftKings(DKNG-Q) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 3

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, 3 stock analysts published opinions about DKNG-Q. 3 analysts 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?

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 2024-03-01, DraftKings (DKNG-Q) stock closed at a price of $43.53.