Why This Gambling Stock May Be Worth Rolling the Dice On
Online gambling is a fairly new concept and the market is dominated by a finite number of major players. It is easy to overlook sports gambling companies as serving a small, niche market. Moreover, some investors may believe that sports betting apps rose in popularity during the stay-at-home phase of the pandemic, and have since fallen out of popularity.
But a company called (NASDAQ: DKNG) is quietly gaining momentum, thanks in large part to new product innovations that have jump-started revenue and transformed the mobile sportsbook into more than a pandemic fad.
DraftKings recently crossed a 52-week high; however, the stock is still heavily discounted from its historical levels. Despite its recent run-up, now may be a great opportunity to buy the stock.
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..
