DraftKings (DKNG) Stock Research

Friday

Video: Instacart rises, Trade Desk sinks after earnings

Aug 7, 9:16 AM

DraftKings price target raised by $1 at Benchmark

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Aug 7, 8:51 AM

Thursday

DraftKings backs FY26 revenue view $6.5B-$6.9B, consensus $6.72B

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Aug 6, 4:31 PM

DraftKings reports Q2 adjusted EPS 9c, consensus 19c

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Aug 6, 4:30 PM

DraftKings price target lowered by $4 at Bernstein, here's why

Aug 6, 8:11 AM

Over a week ago

Nevada reports June statewide gaming win up 0.82% to $1.34B

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Jul 28, 9:54 AM

DraftKings price target lowered by $3 at Morgan Stanley, here's why

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Jul 22, 3:40 PM

DraftKings price target lowered by $2 at Stifel, here's why

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Jul 22, 7:10 AM

DraftKings price target lowered by $3 at Wells Fargo, here's why

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Jul 20, 6:39 AM

What You Missed On Wall Street On Thursday

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Jul 16, 4:23 PM

Midday Fly By: UnitedHealth, United Airlines, GE Aerospace report Q2 beats

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Jul 16, 12:08 PM

The Bear Cave believes case against DraftKings 'even more compelling today'

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Jul 16, 10:37 AM

DraftKings price target raised by $3 at JPMorgan, here's why

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Jul 15, 7:01 AM

DraftKings price target raised by $5 at TD Cowen, here's why

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Jul 10, 8:38 AM

DraftKings price target raised by $2 at Deutsche Bank, here's why

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Jul 9, 8:37 AM

DraftKings to launch online sportsbook, casino in Alberta on July 13

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Jul 9, 7:31 AM

DraftKings price target lowered by $1 at Susquehanna, here's why

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Jul 1, 6:48 AM

Nevada reports May statewide gaming win up 7.43% to $1.39B

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Jun 29, 9:55 AM

CFTC conducting 'extensive investigation' into Polymarket, Politico reports

Jun 26, 3:01 PM

DraftKings launches proprietary prediction markets exchange

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Jun 26, 7:32 AM

DraftKings price target raised by $2 at Citizens, here's why

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Jun 25, 5:43 AM

DraftKings management to meet with Citizens

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Jun 16, 3:09 PM

Flutter Entertainment price target raised by $7 at Wells Fargo, here's why

Jun 12, 6:23 AM

Unusually active option classes on open June 11th

Jun 11, 9:40 AM

Strong Brand Recognition and Early Market Entry: DraftKings established itself as a leading brand in Daily Fantasy Sports (DFS) prior to the widespread legalization of online sports betting, creating a highly recognizable name and loyal user base that facilitated a strong initial market share in the sports betting segment.

Extensive State Licensing and Market Access: The company has successfully secured numerous operating licenses across a large number of states where online sports betting and iGaming are legal, creating a significant barrier to entry for potential competitors and allowing them to capture market share in key regions.

Robust and Scalable Technology Platform: DraftKings possesses a sophisticated and highly scalable technology platform, enhanced by its acquisition of SBTech, which enables it to offer a wide range of betting options, live betting, and a reliable user experience across multiple products (DFS, Sportsbook, Casino).

Regulatory Uncertainty: The evolving and complex regulatory landscape across jurisdictions poses significant operational and financial risks, including potential restrictions, increased taxes, and licensing challenges.

Intense Competition: DraftKings operates in a highly competitive market with numerous well-funded rivals, leading to high marketing costs, pricing pressure, and challenges in customer acquisition and retention.

Customer Acquisition Costs: High expenses are incurred to attract new users through marketing and promotions, which may not always result in profitable long-term customer relationships.

Charts

Customer Acquisition Costs: High expenses are incurred to attract new users through marketing and promotions, which may not always result in profitable long-term customer relationships.