Morgan Stanley bullish on DraftKings [Seeking Alpha]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Seeking Alpha
Consumer|On the MoveMorgan Stanley bullish on DraftKingsApr. 30, 2020 1:46 PM ETDraftKings Inc. (DKNG)Clark SchultzMorgan Stanley launches coverage on DraftKings (+0.1%"We expect DraftKings to grow at a 31% '19-25 revenue CAGR in our basecase, 51% in our bull case, and 9% even in our bear case," writes gaming analyst Thomas Allen,Allen notes legal U.S. sports betting and online gambling is in its very early stages, with less than $1.5B of revenue generated in 2019. He sees revenue growing 8X to $12B in 2025."COVID-19 today is having the clear negative effect of eliminating sporting events for people to bet on, but we expect resulting weaker state budgets to push more states to search for new tax revenues,and sports betting/iGaming to be the answer," predicts Allen.MS tags DraftKings with a price target of $23.See all stocks on the move »Now read:Buy Fanduel And Get Flutter Free »
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DKNG
News
- DraftKings earnings, PFL goes international: YF Sports Report [Yahoo! Finance Canada]Yahoo! Finance Canada
- Socure Unveils Graph Intelligence Module, Bringing Unprecedented Visibility Into the Connections Across its Vast Network Identity Graph [Yahoo! Finance]Yahoo! Finance
- The Surprising Risks of DraftKings (DKNG), Why The House Doesn't Always Win [Yahoo! Finance]Yahoo! Finance
- DraftKings Inc. (NASDAQ: DKNG) had its price target raised by analysts at TD Cowen from $50.00 to $55.00. They now have a "buy" rating on the stock.MarketBeat
- Conduktor looks to gatekeep ‘bad data' out of company's apps [TechCrunch]TechCrunch
DKNG
Earnings
- 11/7/24 - Beat
DKNG
Sec Filings
- 11/14/24 - Form 4
- 11/14/24 - Form 144
- 11/13/24 - Form 4
- DKNG's page on the SEC website