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Why DraftKings Share Price Could Soar to Multi-Year Highs
MarketBeatยท 2025-05-13 11:02
Core Viewpoint - DraftKings' stock price has rebounded from a 9-month low, with expectations of reaching multi-year highs by the end of 2025 due to strong business performance, leverage building, and a healthy balance sheet [1] Financial Performance - DraftKings reported a 19.5% revenue growth in Q1, totaling $1.41 billion, driven by user engagement, new users, and acquisitions like Jackpocket [5] - Monthly unique players (MUP) increased by 28%, with a 20.1% rise in Sportsbook revenue, 14.5% in iGaming, and 45.7% in Other segments [5] - Adjusted earnings were $0.12, maintaining financial health despite a slight revenue miss compared to consensus [7] Market Opportunities - The acquisition of Jackpocket presents both challenges and opportunities, as it initially lowers revenue per user but offers potential for margin improvement over time [3] - The expected entry into Missouri and the growth potential of iGaming, which currently serves only 11% of the U.S. population, are significant growth drivers [4] Stock Forecast and Analyst Ratings - The 12-month stock price forecast for DraftKings is $55.04, indicating a 45.10% upside, with a Moderate Buy rating based on 28 analyst ratings [6] - Analysts have mixed responses, with some adjusting price targets, but the average target remains above current levels, suggesting potential for future gains [10][11] Trading Dynamics - The stock is showing bullish momentum, with critical resistance near $38.25, and could potentially retest all-time highs by late summer or early fall [12]
Super Group(SGHC) - 2025 Q1 - Earnings Call Transcript
2025-05-09 12:47
Super Group (SGHC) Q1 2025 Earnings Call May 09, 2025 07:45 AM ET Company Participants Nkem Ojougboh - Head of IRNeal Menashe - CEO & Board of DirectorJed Kelly - Managing Director - Equity ResearchNeal Menashe - Chief Executive OfficerClark Lampen - Managing DirectorAlinda Van Wyk - CFO & Director Conference Call Participants Jason Tilchen - Director & Senior Equity research AnalystBernie Mcternan - Senior Research AnalystMike Hickey - Equity Research Analyst Operator Hello, everyone, and thank you for joi ...
Super Group(SGHC) - 2024 Q4 - Earnings Call Transcript
2025-02-25 14:30
Super Group (SGHC) Q4 2024 Earnings Call February 25, 2025 08:30 AM ET Company Participants Brett Milotte - Managing Director - Global Media, Sports & EntertainmentNeal Menashe - Chief Executive OfficerAlinda Van Wyk - CFO & DirectorJed Kelly - Managing Director - Equity ResearchRichard Hasson - President, COO & Director Conference Call Participants Mike Hickey - Equity Research AnalystJason Tilchen - Director & Senior Equity research AnalystBernie Mcternan - Senior Research Analyst Operator Good day, and w ...