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Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
DraftKings (DKNG 1.51%) stock investors were dealt some unfavorable news regarding state taxation of gaming revenue.
DraftKings (DKNG) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Shares of several sports betting companies dropped Monday after lawmakers in Illinois passed a state budget that includes a new tax on the industry.
DraftKings stock, FanDuel parent Flutter Entertainment and other sportsbook operators fall after Illinois advances betting tax.
Eliminating transaction fees and enabling $100 investments highlights the inclusive evolution of modern investing platforms.
SailGP is providing real-time odds to gaming platfoms to allow users to place bets SailGP's sports betting push is part of a broader strategic plan to attract new fans, drive deeper engagement and grow the league's popularity
There are many different methods investors can utilize to identify the best growth stocks to buy right now.
During an earnings season where analysts expected many companies to lower guidance, darling gambling stock DraftKings NASDAQ: DKNG was one that had to do just that. Even as shares are down nearly 34% from their all-time high reached in February as of the May 21 close, DraftKings stock is still up more than 150% over the past three years.
DraftKings is nearing profitability, potentially as soon as 2025, driven by improving margins and disciplined cost management. Despite a slightly disappointing Q1, DraftKings is gaining market share and benefiting from the ongoing legalization of online betting. The company's premium valuation is justified by its strong US exposure, high growth outlook, and steady progress toward free cash flow.