There are two sides to every wager, and this was on display with DraftKings (DKNG 0.34%) late last week. Stifel upgraded the stock from hold to buy on Friday morning, just as BNP Paribas was downgrading shares of the online sportsbook operator from neutral to underperform.Seeing a pair Wall Street pros go different ways on a battleground stock isn't unusual. What's an inefficient market without a dash of divergence? However, for a stock like DraftKings that has already more than tripled over the past year, ...

Boston, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Spring is so close, we can almost taste it. But, every year all eyes are on Gobbler's Knob, Pa., and if the fuzzy meteorologist Punxsutawney Phil, will see his shadow revealing whether we're in for more winter hibernation or an early spring awakening. Taking the weather forecast tradition into their own hands as the Official Beer of Groundhog Day, Samuel Adams is teaming up with DraftKings Inc. (NASDAQ:DKNG) to give drinkers a first-of-its-kind fan prediction pool: ...

For years, gambling was widely considered to be a vice industry akin to alcohol or tobacco. But over the last few years, a specific form of gambling -- sports betting -- has started to become more mainstream. This shift largely has to do with the rise of mobile sports betting apps.If you watch sporting events on television, it's nearly impossible not be bombarded with advertisements for apps such as FanDuel, PointsBet, DraftKings (DKNG 0.85%), and many others. Sports betting companies are leveraging former ...

Shares of DraftKings (DKNG 0.21%) popped 14.2% this week, according to data provided by S&P Global Market Intelligence, as multiple analysts weighed in with positive notes following the online betting platform's launch in Vermont last week. The launch marked the 26th U.S. state in which DraftKings operates, in addition to Ontario, Canada.Why these analysts think DraftKings will outperformIn a note to clients Thursday, Stifel analyst Jeffrey Stantial upgraded shares of DraftKings to buy from hold, raising hi ...

The NFL playoffs kick into high gear this weekend, with only eight teams remaining. After that, it’s time for the conference championships and then… the Super Bowl. That could be great news for investors looking to wager on DraftKings (NASDAQ:DKNG) and other sports betting and casino companies.Sure, it’s a cliché to refer to big events as the Super Bowl of something. But Feb. 11 is the legitimate Super Bowl, and millions of Americans are expected to place bets on DraftKings, FanDuel and other popular sports ...

Wall Street Has Different Opinions on DraftKings Stock. Here Are the Arguments. ...

DraftKings (DKNG) shares rallied 7% in the last trading session to close at $37.54. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.3% gain over the past four weeks.DKNG's momentum persists following the introduction of its sportsbook in Vermont. This strategic move expands DraftKings Sportsbook's footprint to Vermont, the 26th U.S. state, complementing its existing operations in Ontario, Canada. With a str ...

Some of the best meme stocks came into the limelight during the euphoric market rally in 2021. These stocks have gained significant attention on social media, which can potentially impact prices. During 2021, some of the best meme stocks skyrocketed and delivered multibagger returns in weeks. Of course, we are nowhere close to that bullish market sentiment, but there are attractive meme stocks to consider.An important point is that the rally in meme stocks can be completely dissociated from fundamentals. Ho ...

DraftKings (DKNG) closed at $33.43 in the latest trading session, marking a -0.42% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.07% for the day.Prior to today's trading, shares of the company had lost 10.31% over the past month. This has lagged the Consumer Discretionary sector's gain of 1.29% and the S&P 500's gain of 3.98% in that time.Investors will be eagerly watching for the performance of DraftKings in its upcoming earnings disclosure. The company is forec ...

FanDuel, DraftKings and other online gambling apps are displayed on a phone in San Francisco, on Sept. 26, 2022.Vermont launched mobile sports betting Thursday, becoming the latest state to jump into the booming industry.Gov. Phil Scott signed a bill in June authorizing mobile sports betting and announced in December that the state had selected DraftKings, FanDuel and Fanatics to operate its sportsbooks.With Vermont, sports betting is now live in 29 states and Washington, D.C., according to the American Gam ...