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DKNG / DraftKings stock surges after BofA upgrade says monster rally can continue

Shares of DraftKings Inc. DKNG, +7.18% were rising nearly 7% in Wednesday morning action after BofA Global Research analyst Shaun Kelley upgraded the online-gambling stock to buy from neutral, writing of “accelerating product and revenue momentum” that are “are on the cusp of driving an inflection in margins and profitability.” The company “has reached a key cost inflection, as we believe the rate of growth in cost of revenue and external marketing has peaked,” Kelley wrote. Read More

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DKNG

Posted: Jul 12 2023, 09:40

Author Name: Market Watch

DKNG News

By CNBC
November 3, 2023

Sports betting, online casino boom fuels big DraftKings revenue gains as rivals vie for market share

The proliferation of online sports betting and casino gaming across the U.S. has led to record revenue for sportsbook companies such as DraftKings an

By Market Watch
November 3, 2023

DraftKings could parlay momentum into even bigger stock gains, analysts say

Those who bet on DraftKings Inc.'s stock have won big this year, and analysts see more big gains ahead.

By Seeking Alpha
November 3, 2023

DraftKings Inc. (DKNG) Q3 2023 Earnings Call Transcript

DraftKings Inc. (NASDAQ:DKNG ) Q3 2023 Earnings Conference Call November 3, 2023 8:30 AM ET Company Participants Stanton Dodge - Chief Legal Officer J

By Investopedia
November 3, 2023

DraftKings Shares Soar After Reporting a Jump in Users and Revenue

DraftKings (DKNG) shares jumped over 11% in early trading Friday after reporting revenue soared as it posted a big jump in users, and the online betti

By PYMNTS
November 3, 2023

DraftKings' Customer-Centric Strategy Avoids Mention of Any Specific Digital Innovations

It's football season, and that is good news for sports betting company DraftKings. The gaming platform's third quarter 2023 earnings results saw a 57%

By Invezz
November 3, 2023

DraftKings maintains bullishness after upgraded results as attention shifts to key level

DraftKings Inc. (NASDAQ:DKNG) rose 6% in premarket on Friday after positive stock market news. The stock was boosted by a reported $790 million or £6

By Proactive Investors
November 3, 2023

Flutter boosted by peformance of US rival DraftKings

UK-based betting operator Flutter Entertainment was up 2.5%, following strong results overnight in the US from rival DraftKings. Shares in the sports

By Barrons
November 3, 2023

DraftKings Stock Is Climbing. Analysts Like Its Growth Story.

DraftKings raises its 2023 revenue guidance.

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