Why DraftKings Could Rocket Higher in 2024

DraftKings (DKNG 1.30%) is a sports betting company whose stock price over the past few years has mirrored many high-profile growth stocks. From March 2020 to March 2021, its stock price jumped from $12 to $71; by March 2022, it had dropped to $16.Last year was a much-needed bounceback, though. DraftKing's stock had a huge surge in 2023. It's still down more than 50% from its March 2021 peak, but last year was a step in the right direction.Despite its impressive 2023, I believe DraftKing's stock could conti ...