Is DraftKings Stock a Buy?
It's easy to be a bit timid when we're looking at all-time highs for the market. After all, where can investors go to find growth? Never fear, for the long-term oriented investor, there are still diamonds in the rough. One of those stocks is (NASDAQ: DKNG).
This is a company that is hard to ignore. It lies within an industry that carries a long history of consumer interest, while also being something new and fledgling. The continuing expansion of states with legal sports betting gives DraftKings new potential markets, while its current markets continue to provide growth for the company. Moreover, the big premiums relative to sales that were present the last time DraftKings shares took off are no longer present.
Image source: Getty Images
Source Fool.com
DraftKings Inc. Stock
With 70 Buy predictions and 3 Sell predictions DraftKings Inc. is one of the favorites of our community.
With a target price of 46 € there is a positive potential of 39.12% for DraftKings Inc. compared to the current price of 33.07 €.
