DraftKings (DKNG)

Re: DraftKings (DKNG)

Postby winston » Tue Dec 08, 2020 10:52 am

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DraftKings Lower After J.P. Morgan Initiates Neutral on Valuation

J.P. Morgan analyst Daniel Politzer began coverage of sports-gambling specialist DraftKings with a neutral rating and a $48 price target.

by DAN WEIL

Source: The Street

https://www.thestreet.com/investing/dra ... +Valuation
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Re: DraftKings (DKNG)

Postby winston » Fri Jun 04, 2021 10:31 am

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Draftkings (DKNG)

Another stock that looks cheap at its current share price is Draftkings, the Boston-based online sports betting and fantasy sports company. DKNG stock closed at $50.99 on June 2, putting it 31% below its 52-week high of $74.38.

At its current level, DKNG stock is well below where analysts expect it to be. Analysts have set its median price target at $74 a share. The high target on the share price is $105. The median price target would represent a gain of more than 40% from where the stock currently trades.

DKNG stock is expected to take off in this year’s second half as sports resume. With the upcoming NFL football season and a growing number of U.S. states legalizing sports betting, Draftkings can generate revenue and cover budget shortfalls coming out of the Covid-19 pandemic.

The company continues to perform well financially. Draftkings posted revenues of $312 million in its first-quarter earnings. That’s nearly 35% better than analyst estimates of $231.5 million and shows 175% year-over-year growth.

Source: Investor Place
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Re: DraftKings (DKNG)

Postby behappyalways » Tue Jun 15, 2021 9:36 pm

DraftKings stock falls 10% after Hindenburg Research reveals short position
https://www.cnbc.com/2021/06/15/draftki ... ition.html
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Re: DraftKings (DKNG)

Postby winston » Tue Jun 15, 2021 9:59 pm

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Is DKNG Stock A Buy Right Now?

DraftKings stock is a promising long-term prospect in the sports-betting industry, and the company's potential is encouraging.

Despite a lack of earnings, the company has huge revenue growth and is one of the leaders in the online betting megatrend.

DKNG stock plunged 10% Tuesday after short seller Hindenburg Research published a bearish report on the stock.

Shares ended Monday below their long-term 200-day line.

Since the stock is far below a key support level, it is not a potential buy right now. Wait for DKNG stock to form a new base, which would offer a new buy point.

Source: IBD

https://www.investors.com/research/draf ... src=A00220
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Re: DraftKings (DKNG)

Postby winston » Wed Jun 16, 2021 10:20 am

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Buy the Hindenburg Dip in DraftKings Stock?

DraftKings gets hammered on Tuesday thanks to allegations from Hindenburg Research. Is it a buy? Here's the level it has to hold.

by BRET KENWELL

Hindenburg Research alleged that the company’s acquisition of SBTech has dealings in black-market gaming and money laundering.

On the downside, I want to see Tuesday’s low hold. A close below this level opens up the May low near $40, then the 21-month moving average below that.


Source: The Street

https://www.thestreet.com/investing/tra ... gs%2BStock?
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Re: DraftKings (DKNG)

Postby winston » Mon Jun 21, 2021 9:32 am

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This Stock Is a Great Buy Today

by Andrew Keene

As of 2020, it was a $1 billion industry, and credible estimates say it’ll grow six times larger to $6 billion by 2023.

In January, DraftKings announced that it was expanding into Virginia – making it the 12th state in which customers could wager using its platform.

DraftKings is also now one of just three official sports betting partners of the National Football League (NFL).

It also boasts lucrative partnerships with Major League Baseball (MLB), the National Basketball Association (NBA), the National Hockey League (NHL), several martial arts and pro fighting leagues, and even English Premier League soccer over in the United Kingdom.

DKNG showed a 252% jump in revenue as its number of paying customers rose 114%. DraftKings also increased its full-year revenue outlook to $1.15 billion.

From a technical standpoint, too, you’ve got a stock that’s been knocked below its 50- and 200-day moving averages (MA) because of thinly-sourced allegations from a party with a vested interest in knocking the stock down.


Source: Money Morning

https://dailytradealert.com/2021/06/20/ ... buy-today/
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Re: DraftKings (DKNG)

Postby behappyalways » Sat Feb 19, 2022 1:19 pm

DraftKings Shares Plunge As Customer Growth Disappoints
https://www.zerohedge.com/markets/draft ... isappoints
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