Professional
Added to YB: 2024-09-10
Pitch date: 2024-06-30
DKNG [bullish]
DraftKings Inc.
-40.92%
current return
Author Info
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Company Info
DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally.
Market Cap
$11.4B
Pitch Price
$38.07
Price Target
N/A
Dividend
N/A
EV/EBITDA
41.00
P/E
-2.9K
EV/Sales
2.02
Sector
Hotels, Restaurants and Leisure
Category
growth
Show full summary:
Alger Spectra Fund Porfolio Holding - DraftKings Inc.
DKNG: Sports betting leader leveraging DFS expertise. Q1 revenue beat on strong customer engagement. Illinois Senate passed higher tax (20-40% vs 15%) on sportsbooks, impacting stock. Management plans to mitigate via reduced promos. Strong growth potential in US sports betting market.
Read full article (1 min)