Movers in the Market: Applied Materials, Arista, Coinbase, DraftKings, Expedia, Rivian, Roku, Pinterest, and Others
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Should l Buy DKNG?
Source: Barron's
- Market Overview: Stock futures are trading mostly lower as investors express caution.
- Investor Concerns: There is heightened anxiety regarding artificial intelligence developments.
- Upcoming Data: Investors are awaiting the consumer-price inflation report for January.
- Market Sentiment: Overall market sentiment remains tense as economic indicators are closely monitored.
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Analyst Views on DKNG
Wall Street analysts forecast DKNG stock price to rise
29 Analyst Rating
23 Buy
6 Hold
0 Sell
Strong Buy
Current: 22.590
Low
30.00
Averages
42.69
High
53.00
Current: 22.590
Low
30.00
Averages
42.69
High
53.00
About DKNG
DraftKings Inc. is a digital sports entertainment and gaming company. It provides users with online and retail sports betting (together, Sportsbook), online casino (iGaming) and daily fantasy sports product offerings, as well as digital lottery courier, media, and other product offerings. Sportsbook is live with mobile and/or retail sports betting operations pursuant to regulations in 28 states, Washington, D.C., and in Ontario, Canada. It operates iGaming pursuant to regulations in five states and in Ontario, Canada under its DraftKings brand and pursuant to regulations in four states under its Golden Nugget Online Gaming brand. It owns Jackpocket, a digital lottery courier app in the United States. It is both an official daily fantasy and sports betting partner of the NFL, NHL, PGA TOUR, WNBA and UFC, as well as an official daily fantasy partner of NASCAR, an official sports betting partner of the NBA. It also owns and operates DraftKings Network, a multi-platform content ecosystem.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Market Dynamics: Roundhill CEO Dave Mazza noted that while prediction markets are on the rise, sportsbooks still maintain an edge in product depth, user experience, and media reach, suggesting that the two can coexist rather than being a zero-sum game.
- Regulatory Impact: The ETF filings have not yet received SEC approval, and future regulatory policies will determine the growth rate of prediction markets, with Roundhill believing that innovative disruption will provide momentum for the long-term development of the sports betting and gambling markets.
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- Regulatory Challenges: CFTC Chairman Mike Selig stated that American prediction markets have faced an 'onslaught of state-led litigation' over the past year, posing a threat to industry stability and potentially undermining market confidence.
- Legal Support Action: The CFTC has filed a friend-of-the-court brief in the Ninth U.S. Circuit Court of Appeals supporting Crypto.com, aiming to defend its exclusive jurisdiction over prediction markets, indicating a strong legal stance.
- Industry Function Defense: Selig emphasized that prediction markets provide useful functions in society, helping everyday Americans hedge against commercial risks such as temperature fluctuations and energy price spikes, highlighting their significance in the economy.
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- Stock Price Surge: Following the acquisition announcement, Tri Pointe's stock surged by 26%, reflecting positive investor sentiment towards the deal and optimism regarding a recovery in the real estate market.
- Delivery Outlook: Tri Pointe expects to deliver between 1,200 and 1,400 homes in Q4, demonstrating stable delivery capabilities in the current market environment, which enhances its attractiveness to investors.
- Analyst Rating Adjustments: RBC Capital lowered Tri Pointe's price target from $37 to $31, yet Citizens initiated coverage with an Outperform rating, indicating divergent views on the company's future performance in the market.
See More
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- Significant Revenue Growth: DraftKings reported a 43% year-over-year increase in fourth-quarter revenue, reaching $2 billion, showcasing its strong performance in the digital sports entertainment and gaming sector, despite a stock price drop due to weak future forecasts.
- Stable User Metrics: While DraftKings' average monthly unique paying customers remained flat at 4.8 million, the average revenue per customer increased by 43% to $139, indicating success in enhancing customer value.
- Improved Profitability: The company generated a net income of $136 million, a notable turnaround from a loss of $135 million in the prior-year quarter, while adjusted EBITDA soared by 284% to $343 million, reflecting improved operational efficiency.
- Lackluster Future Guidance: DraftKings expects full-year revenue for 2026 to be between $6.5 billion and $6.9 billion, falling short of Wall Street's $7.3 billion expectation, raising investor concerns about intensifying competition, although the CEO views prediction markets as a “massive, incremental opportunity.”
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