This Cathie Wood Stock Could Beat Revenue Estimates in 2021
DraftKings (NASDAQ: DKNG) offers mobile sports betting, daily fantasy sports, and iGaming. The company is a Cathie Wood favorite and among the top 25 holdings in her Ark Innovation ETF portfolio.
DraftKings is having an excellent year for revenue growth. Its first-quarter 2021 results were so good it had to raise estimates for the rest of the year. Then the second quarter made those estimates look conservative, so it had to increase revenue targets again. Even after all that, the company is likely to beat the twice-raised target, and here's why.
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Source Fool.com
