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When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
DraftKings' NASDAQ: DKNG price action hit a 9-month low in early Q2 due to unfounded fears of weakening business in Q1. However, it is now in an updraft that can take it to a multi-year high by the end of 2025.
DraftKings Inc DKNG reported downbeat first-quarter financial results after market close Thursday.
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.
DraftKings (DKNG 2.48%) reported quarterly financial results that demonstrated resilience amid changing consumer behavior.
DraftKings CEO Jason Robins discusses how an unusual March Madness impacted the sports betting company and how it is preparing for the future. Robins speaks with Caroline Hyde and Ed Ludlow on “Bloomberg Technology.
DraftKings missed first quarter expectations and lowered its full-year revenue forecast, citing a lack of upsets during March Madness that led to more customer wins. DraftKings CEO Jason Robins joins Catalysts to explain how tournament outcomes impacted the company's guidance.
DraftKings CEO Jason Robins said Friday that the shutdown of its online lottery in Texas is disappointing but impacts just a small part of the overall business.
Needham analyst Bernie McTernan maintained a Buy rating on DraftKings Inc. DKNG and reiterated the $65 price forecast following the first quarter results reported on Thursday.
Catalysts anchor Madison Mills and guest host Peter Tchir, Academy Securities' head of macro strategy, take on the day's biggest market and economic stories in the first full trading hour of Friday, May 9. Center for Strategic and International Studies (CSIS) director Philip Luck comes on the program to discuss upcoming trade negotiations between US and Chinese officials this weekend.