DraftKings Inc DKNG analyst sees areas of opportunity for the sports betting company to surprise with financial guidance in third-quarter earnings as the company competes with FanDuel for market share in the sports betting sector.The DraftKings Analyst: Bank of America analyst Shaun C. Kelley reiterated a Buy rating on DraftKings with a $50 price target in a new investor note.Read Also: DraftKings Q2 Earnings Highlights: Sports Betting Company Launches $1-Billion Buyback, Misses On Revenue, Beats On Earning ...

DraftKings (DKNG) ended the recent trading session at $36.47, demonstrating a -0.84% swing from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.03%. Elsewhere, the Dow lost 0.61%, while the tech-heavy Nasdaq added 0.56%. Coming into today, shares of the company had lost 10.16% in the past month. In that same time, the Consumer Discretionary sector gained 0.88%, while the S&P 500 gained 1.39%. The investment community will be closely monitoring the performance of DraftKing ...

Stock Performance and Technical Analysis - DraftKings (DKNG) stock is trading between $37 and $39, showing choppy movement after recovering from an early August dip to its lowest level since November 2023 [1] - The stock is down 1 1% year-to-date at $37 24, but remains 5 4% higher since the start of 2024 [1] - DKNG is approaching its year-to-date breakeven level and is within one standard deviation of its 50-day moving average, a historically bullish trendline [1] - Over the past two months, DKNG has traded above its 50-day moving average 80% of the time and in eight of the past 10 trading days [1] - Similar patterns in the past three years have resulted in the stock being higher one month later four out of five times, with an average return of 10 6% [1] - A 10 6% increase from current levels would push DKNG stock to around $41, closer to its all-time high of $49 57 reached on March 27 [1] Short Interest and Market Sentiment - Short interest in DKNG has decreased by 4 3% over the last two weeks, but 24 68 million shares sold short still represent 5 2% of the total available float [2] - It would take short sellers nearly three days to cover their bearish positions based on current trading volumes [2]

DraftKings Inc. (DKNG) is likely to benefit from customer acquisition strategies, new product rollouts and Jackpocket Integration. Also, the emphasis on the surcharge solution bodes well. However, elevated marketing expenses are a concern. Factors Driving DKNG Stock Strong Customer Acquisition: DraftKings has demonstrated significant progress in acquiring new customers in its Online Sports Betting and iGaming sectors. Customer growth surged by nearly 80% year over year in the second quarter of 2024. Even in ...

DraftKings (DKNG) closed the latest trading day at $37.65, indicating a +1.21% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily loss of 0.02%. Meanwhile, the Dow gained 0.38%, and the Nasdaq, a tech-heavy index, added 0.04%. The company's shares have seen a decrease of 2.29% over the last month, not keeping up with the Consumer Discretionary sector's gain of 7.27% and the S&P 500's gain of 3.77%. The investment community will be paying close attention to the e ...

BOSTON, Oct. 17, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the "Company" or "DraftKings") today announced that it will release its third quarter 2024 results after the close of market trading on Thursday, November 7, 2024. DraftKings will host a conference call and audio webcast the following morning, Friday, November 8, 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, ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Let's take a look at what these Wall Street heavyweights have to say about DraftKings (DKNG) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. DraftKings currently has an a ...

Florida's sports betting market may be about to get a lot more interesting, with Hard Rock's chairman opening the door to partnerships with commercial sportsbooks. Hard Rock has the monopoly on sports betting in the state, winning the exclusive tribal gaming compact following a hard-fought battle against Flutter-owned FanDuel, DraftKings and Penn Entertainment. The sportsbooks mounted a massive effort in 2021 to get sports betting legalized in the state, but failed. When asked about comments made by FanDuel ...

With the expansion of the sports betting industry, DraftKings has a lot of industry growth to benefit from these days. We're in the swing of what many would consider peak sports season. Both college football and the NFL are happening; college basketball, NBA, and NHL teams are beginning to practice again; and the MLB is in the middle of its playoff season. It's the time of year when seemingly every day offers a reason to sit on the couch and catch a game. This time of year also means that sports betting is ...

In the latest market close, DraftKings (DKNG) reached $38, with a +0.88% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.17%. Meanwhile, the Dow lost 0.44%, and the Nasdaq, a tech-heavy index, lost 0.04%. Shares of the company have appreciated by 9.89% over the course of the past month, outperforming the Consumer Discretionary sector's gain of 3.63% and the S&P 500's gain of 1.25%. The investment community will be paying close attention to the earnin ...