DNY59 DKNG's High-Growth Investment Thesis, Marred By The Management's Painfully Lowered FY2024 Guidance We previously covered DraftKings (NASDAQ:DKNG) in May 2024, discussing how the management had exceeded expectations by reporting an impressive FY2023 and FQ1'24 earnings results, while charting a more than decent stock price return compared to the wider market then. With it still reporting a leading gaming market share in the US while raising its FY2024 guidance, it was apparent that we had been too bear ...

E The Comment 1 blackCAT In January of this year, we initiated coverage on DraftKings (NASDAQ:DKNG) with a 'Strong Buy' rating. This article was titled "DraftKings: A Strong Buy On Sticky Monetization Trends", and in it, we talked about how much progress the company had made since coming public in 2020. Growing gaming revenues, strong margins, and stable/falling customer acquisition costs meant, that in our mind, the company was close to profitability and could see a massive expansion in the stock price. Si ...

BOSTON, Sept. 04, 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: The Bank of America Gaming and Lodging Conference. The fireside chat is scheduled for 12:20PM ET on September 5, 2024. Registration and the live audio portion of the Bank of America Gaming and Lodging Conference is accessible at the conference website or at DraftKings' Invest ...

A spokeswoman for the DCP said, "It was the first incident [in the state] where an online slot machine was not paying out as advertised." "Effectively, it was impossible for any Connecticut patron to achieve a win on the game for a period of 7 days, while live on the gaming platform," according to the report, which was first detailed by the CT Insider news outlet on Tuesday. But from Aug. 15 through Aug. 21 last year, a total of 522 people in Connecticut who wagered nearly $24,000 on the game over more than ...

Sports betting operator DraftKings Inc DKNG looks strong compared to competitors for promotional activity, market share and more ahead of the 2024 NFL season. The DraftKings Analyst: Needham analyst Bernie McTernan reiterated a Buy rating and $60 price target on DraftKings. The Analyst Takeaways: The start of the NFL season is one of the most important times of year for sports betting companies, McTernan said in a new note. The analyst looked at promotional activity, app rankings, market share and more metr ...

new H spxChrome Introduction Football season is back! As much as I love summer, I always look forward to early September, when college football and the NFL return - my two favorite sports leagues. According to Cornell University, there are ten good reasons why people love the NFL: 1. The NFL is a piece of popular culture. 2. NFL is part of American tradition. 3. NFL fosters relationships. 4. Tailgating is fun (this goes without saying). 5. People love watching talented athletes (this applies to other league ...

Digital sports entertainment and gaming company DraftKings plans to enhance its in-play betting offering by acquiring Simplebet. The proposed transaction has been approved by the boards of directors of both companies but is subject to the receipt of required gaming regulatory approvals and other customary closing conditions, DraftKings said in a Wednesday (Aug. 28) press release. Simplebet provides micromarket pricing and content for sports betting, according to the release. The incorporation of its proprie ...

Investors will be looking for a strong finish to the year to lift the stock out of its slump. Shares of DraftKings (DKNG -3.81%) rocketed to a 52-week high of $49.57 earlier this year on the back of strong growth in the online sports betting market. Recent concerns over regulatory headwinds have pulled the stock well off its highs, but Macquarie analyst Chad Beynon has an outperform (buy) rating on the shares with a $50 price target. Is the stock a buy now? Why buy DraftKings stock Illinois is the latest st ...

The company has tailwinds building for next year. DraftKings (DKNG 3.22%) has been a strong performer over the past five years with the stock up over 250% during that stretch. However, the stock's momentum has stalled in 2024 with shares down slightly year to date. Nonetheless, the online sports betting operator continues to have a bright future in front of it. Let's look at three things investors should know about the company before buying the stock. How DraftKings makes money In simplest terms, DraftKings ...

A battle between DraftKings Inc DKNG bulls and bears could come down to EBITDA, surcharges and competition, an analyst says after the company and rival Flutter Entertainment FLUT have both now reported second-quarter financial results. The DraftKings Analyst: Needham analyst Bernie McTernan reiterated a Buy rating on DraftKings with a $60 price target. Read Also: DraftKings Q2 Earnings Highlights: Sports Betting Company Launches $1-Billion Buyback, Misses On Revenue, Beats On Earnings The Analyst Takeaways: ...