DraftKings: This Betting Behemoth Is On Sale, We See 100% Upside

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 ...