3 Reasons to Buy DraftKings Stock, and 1 Reason to Sell
This year has helped breathe new life into DraftKings (NASDAQ: DKNG) stock. After a brutal bear market in 2022, the stock rebounded in 2023 as investors came to appreciate its market expansions and massive growth potential.
Nonetheless, a key challenge presents concerns about its growth, particularly in some larger jurisdictions within the U.S. The question for investors is whether the following three positive attributes can outweigh that significant obstacle for the leisure stock.
The company participates in both sports betting and iGaming. It began as a fantasy sports platform, a factor leading to what it calls an "immersive sports entertainment experience" in 8 different countries. It began offering DraftKings Sportsbook in 2018, the first legal online platform for sports betting. It started in New Jersey, but has since expanded to several other U.S. states.
Source Fool.com
DraftKings Inc. Stock
The stock is one of the favorites of our community with 69 Buy predictions and 3 Sell predictions.
As a result the target price of 46 € shows a positive potential of 37.56% compared to the current price of 33.44 € for DraftKings Inc..
