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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News
- Jim Cramer warns against novice day trading, calls zero-day options ‘pure greed' [CNBC]CNBC
- 2024 was the year America started to bet on everything [Yahoo! Finance]Yahoo! Finance
- is a senior correspondent at Business Insider, writing about business and the economy. [Business Insider]Business Insider
- Golf stars square off in The Showdown: Live updates, odds, how to watch Golf [USA TODAY]USA TODAY
- Another month, another record smashed for New Jersey internet gambling [Yahoo! Finance]Yahoo! Finance
DKNG
Earnings
- 11/7/24 - Beat
DKNG
Sec Filings
- 12/13/24 - Form D
- 12/11/24 - Form 4
- 12/9/24 - Form 144
- DKNG's page on the SEC website