About DraftKings Inc. - Class A Common Stock (DKNG)
DraftKings Inc. is a leader in the digital sports entertainment and gaming industry, providing a platform for users to engage in fantasy sports and sports betting. The company offers a variety of products, allowing sports fans to participate in daily and season-long fantasy competitions, as well as wagering on live sporting events across various platforms. Through its innovative technology and user-friendly interface, DraftKings aims to enhance the sports viewing experience, offering a range of options for entertainment, engagement, and wagering in a regulated environment. The company continues to expand its offerings and market presence as the gaming landscape evolves. Read More
Millions of people around the world will watch the Indianapolis 500 race on Sunday, May 25. Cryptocurrency investors and fans, especially those who like Dogecoin (CRYPTO: DOGE) may have more reasons to tune into this year's race.
DraftKings had problems in Q1, causing it to lower revenue guidance substantially for 2025. However, Wall Street remains unshaken, indicating big time upside.
Dave Portnoy bet on Caitlin Clark to have a great game to kick off the 2025 WNBA season. His win was worth more than Clark will make in 2025 and almost as much as her four-year deal.
DraftKings' stock price is in an updraft driven by solid results and cash flow, and can reach multi-year highs in 2025. Analysts and institutions buy in 2025.
Stocks in the $10-50 range offer a sweet spot between affordability and stability as they’re typically more established than penny stocks.
But their headline prices don’t guarantee quality, and investors should exercise caution as some have shaky business models.
DraftKings shares rose 4.4% Monday; Needham reiterated its Buy rating despite a price target cut. Needham cited strong handle growth, live betting success, despite Q1 miss and guidance revision.
Needham analyst Bernie McTernan maintained a Buy rating on DraftKings Inc. (NASDAQ:DKNG) and reiterated the $65 price forecast following the first quarter results reported on Thursday.
Fantasy sports and betting company DraftKings (NASDAQ:DKNG) missed Wall Street’s revenue expectations in Q1 CY2025, but sales rose 19.9% year on year to $1.41 billion. The company’s full-year revenue guidance of $6.3 billion at the midpoint came in 1.1% below analysts’ estimates. Its non-GAAP profit of $0.12 per share was in line with analysts’ consensus estimates.
BOSTON, May 08, 2025 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced its first quarter 2025 financial results. The Company also posted a letter to shareholders and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com.
U.S. stocks traded mixed at midday Wednesday, as investors remained cautious ahead of the Federal Reserve’s upcoming policy decision, with Chair Jerome Powell set to speak at 2:30 p.m. ET.
