2 Stocks With Jaw-Dropping Growth Potential to Buy Now
If you'd like to add a powerful growth element to your investment portfolio, you've come to the right place. The following two companies are projected to increase their sales and earnings at a torrid pace over the next few years. Buy their stocks today, and you can position yourself to profit alongside them.
The sports betting market is forecast to grow to more than $180 billion by 2030, up from $84 billion in 2022, according to Grand View Research. As the leader in this rapidly expanding industry, (NASDAQ: DKNG) is set to profit handsomely from this megatrend.
DraftKings is gaining access to new markets as more governments move to legalize betting on sports. The company's sportsbook operations are live in 24 U.S. states. With the prospect of higher tax revenue likely to eventually lure the remaining state legislatures to legalize sports gambling, DraftKings has plenty of room for further expansion within the United States. International markets such as Canada, where DraftKings holds a beachhead in Ontario, are also fertile ground for long-term growth.
Source Fool.com
DraftKings Inc. Stock
The stock is one of the favorites of our community with 85 Buy predictions and 2 Sell predictions.
As a result the target price of 46 € shows a positive potential of 25.58% compared to the current price of 36.63 € for DraftKings Inc..