Professional
Added to YB: 2024-09-17
Pitch date: 2024-09-03
DKNG [bullish]
DraftKings Inc.
+5.24%
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
$14.7B
Pitch Price
$33.75
Price Target
49.00 (+38%)
Dividend
N/A
EV/EBITDA
-759.45
P/E
-54.57
EV/Sales
2.82
Sector
Hotels, Restaurants and Leisure
Category
growth
Show full summary:
DraftKings Inc.: We Have Upgraded Our Moat to Narrow and Raised Our Fair Value Estimate by 4%
DKNG: Upgraded to narrow moat, FV to $49. 30% US digital share, in-house tech edge. Q2 EBITDA margin +325bps to 11.6%. Forecast 28% EBITDA margin by 2033. Resilient vs competition (ESPNBet, Fanatics) & regulation. 14% avg revenue growth next 10yrs. Risks: cyclical downturn, regulatory changes, competition.