The Good News Keeps on Rolling for This Cathie Wood Stock
Sports gambling has been around for ages. For decades, people who enjoyed betting typically flocked to brick-and-mortar casinos to place their wagers. While casinos still very much exist, the last few years have witnessed a boom in sports wagering, largely thanks to the rise in mobile betting.
Mobile sports betting is chiefly dominated by , FanDuel, and Penn Entertainment. Additionally, smaller players are seeing a rise in popularity as larger betting companies look to consolidate assets. For example, PointsBet's U.S. business was recently acquired by the privately held sports entertainment company Fanatics in a heated contest that included rival DraftKings.
Another smaller player, Genius Sports Limited (NYSE: GENI), recently saw its stock pop by 25%, propelling it to a new 52-week high. Despite this run-up, Genius Sports looks really tempting at its current valuation. Let's dive in and analyze the company's growth catalysts and assess if now is a good time to buy.
Source Fool.com
DraftKings Inc. Stock
The stock is one of the favorites of our community with 81 Buy predictions and 2 Sell predictions.
As a result the target price of 46 € shows a very positive potential of 50.89% compared to the current price of 30.49 € for DraftKings Inc..
