The analyst believes DraftKings stock is an unquestioned buy on share price weakness.Attention should surely be paid to any stock that has double-digit upside potential. That's very much the situation with online and mobile sports betting platform operator DraftKings (DKNG -0.32%).At least, that's the take from one analyst following the stock, who feels that its price could climb 46% over the next year or so. Here's why he thinks the company is well worth a wager.DraftKings has real upside potentialOppenhei ...

DraftKings (DKNG) closed the latest trading day at $41.20, indicating a +1.45% change from the previous session's end. The stock's change was more than the S&P 500's daily gain of 1.2%. At the same time, the Dow added 0.69%, and the tech-heavy Nasdaq gained 1.59%.The company's shares have seen a decrease of 14.31% over the last month, not keeping up with the Consumer Discretionary sector's loss of 6.73% and the S&P 500's loss of 4.16%.Investors will be eagerly watching for the performance of DraftKings in i ...

Hirurg DraftKings Inc. (NASDAQ:DKNG) has been trending upwards since late 2022 as its stock is up 90% over the past year and 15% on a YTD basis. With that in mind, I believe DraftKings has more upside to realize in the coming years due to the substantial growth in online gambling and sports betting more specifically. This is seen by the record betting activity on this year’s Super Bowl, as well as the men’s and women’s NCAA Basketball tournaments. In my opinion, the growth witnessed by the sports bettin ...

BOSTON, April 22, 2024 (GLOBE NEWSWIRE) -- DraftKings (NASDAQ:DKNG) announced today the appointment of Lori Kalani as Chief Responsible Gaming Officer reporting into DraftKings' chief executive officer, Jason Robins. Kalani becomes DraftKings' first Chief Responsible Gaming Officer committed to the continued elevation and integration of the company's player safety and protection activities and initiatives across all facets of its platforms and player communities. "Responsible gaming is one of our top prior ...

DraftKings has been benefiting from strong sports viewing numbers.Sports fans have been a happy bunch lately. The NCAA basketball tournaments and professional golf's Masters Tournament were all competitive and exciting. They also drew millions of television viewers. For the first time ever, the women's college basketball title game outdrew the men's, averaging nearly 20 million viewers. That's all good news for online sports betting platform DraftKings (DKNG -2.31%).These conditions may help explain why Gol ...

BOSTON, April 15, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) (the "Company" or "DraftKings") today announced that it will release its first quarter 2024 results after the close of market trading on Thursday, May 2, 2024. DraftKings will host a conference call and audio webcast the following morning, Friday, May 3, 2024, at 8:30 a.m. ET, during which management will discuss the Company's results and provide commentary on business performance. To listen to the audio webcast and live Q&A, please vi ...

DraftKings (DKNG) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this company have returned +6.5%, compared to the Zacks S&P 500 composite's +0.8% change. During this period, the Zacks Gaming industry, which DraftKings falls in, has gained 1.1%. The key question now is: What could be the stock's future direction?While media releases or rumors about a sub ...

This company is profitable and has a huge upside in online gambling.Online gambling is growing rapidly, but it hasn't been profitable long-term and it's not clear if DraftKings (DKNG -1.23%) will change that trend. But there's a way to get a profitable gambling business with upside in online gambling, which Travis Hoium highlights in this video.*Stock prices used were end-of-day prices of April 9, 2024. The video was published on April 10, 2024. ...

The latest trading session saw DraftKings (DKNG) ending at $45.54, denoting a +0.07% adjustment from its last day's close. This change lagged the S&P 500's 0.15% gain on the day. Elsewhere, the Dow lost 0.02%, while the tech-heavy Nasdaq added 0.32%.Shares of the company witnessed a gain of 9.35% over the previous month, beating the performance of the Consumer Discretionary sector with its loss of 0.89% and the S&P 500's gain of 1.65%.The upcoming earnings release of DraftKings will be of great interest to ...

Some of the sports betting world’s biggest players have reportedly turned their sights on Brazil.Companies such as DraftKings and MGM Resorts International are exploring entry into Latin America’s largest economy and its new, and regulated, online gambling market, Bloomberg News reported Wednesday (April 3).The report noted that Brazil — with a population of around 200 million — has emerged as one of the world’s top 10 betting markets since it began relaxing its online gambling laws in 2018. The country cou ...