2 Stocks That Could Create Lasting Generational Wealth
Finding emerging consumer brands while they're small is a simple, effective way to build lasting wealth in the stock market. Let's look at fast-growing companies that are on the verge of turning healthy profits and could deliver massive gains for shareholders over the next decade and beyond.
One way to find long-term winners is to identify companies that are benefiting from technological advancements. The online sports betting market is expected to reach $65 billion over the next five years, and ' (NASDAQ: DKNG) first-mover advantage in launching on mobile devices years ago has made it the runaway leader in this market.
DraftKings commands over 30% share of the market in North America, and it continues to win more customers. It reported revenue of $1.2 billion in the fourth quarter, rising 44% over the year-ago period.
Source Fool.com
DraftKings Inc. Stock
Our community is currently high on DraftKings Inc. with 68 Buy predictions and 5 Sell predictions.
As a result the target price of 46 € shows a positive potential of 34.5% compared to the current price of 34.2 € for DraftKings Inc..
