DraftKings (DKNG) Stock

BOSTON, Nov. 29, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced that Jason Robins, the Company's Chief Executive Officer and Co-founder, will participate in the following event:

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

DraftKings shows strong Q3 earnings with 39% YoY revenue growth, despite regulatory and tax headwinds impacting the sports betting industry. The investment thesis hinges on DKNG's aggressive marketing, duopoly with FanDuel, and potential growth in new states and international markets. Risks include potential tax increases and regulatory changes that could impact profitability and market position.

DraftKings' 85% advance from its 2022 low point still doesn't fully factor the company's potential.

Who knew betting on the NFL would cost DraftKings (DKNG) $250 million? On this week's episode of Yahoo Finance Sports Report, host Joe Pompliano takes a look at the sports betting giant and breaks down why it took a financial hit at the expense of bettors taking massive wins.

According to @LikeFolio's Andy Swan, sports betting trades are a double-edged sword. For one, he expects legalization in several states to serve as a tailwind.

The mobile gaming company saw its customers winning more than usual in the recently completed quarter.

DraftKings stock price has rallied for seven consecutive days, reaching its highest level since June 20 after publishing better earnings than expected. DKNG shares jumped to a high of $43, up by over 50% from its lowest level in August.

Recently, Zacks.com users have been paying close attention to DraftKings (DKNG). This makes it worthwhile to examine what the stock has in store.