DraftKings ($DKNG) stock has shown strong performance, with a 3.95% increase and significant market share gains, attributed to the impact of sports betting ads. Flutter Entertainment, owner of FanDuel, reported a 25% year-on-year revenue increase, driven by a 38% rise in US operations. This led to an 11% jump in Flutter's shares, the most in 17 months. UBS reiterated a 'Buy' rating for DraftKings with a $44 price target, citing sustained market share over ESPN Bet. Analysts also expect DraftKings to maintain high online sports betting market share and anticipate a 50% increase in the total addressable market for online sports betting and iGaming in the next 5 years.
$DKNG a top gainer today, up 6.5%+ so far. $UBS analyst maintained a Buy rating w/ its $44 price target. The analyst noted that $DKBG will keep its high online sports betting (OSM) market share. DraftKings expects the OSB and iGaming total TAM to increase 50% in the next 5… https://t.co/PI1QP2V9cM https://t.co/3tn4VCt5LD
Jenkins: $DKNG DraftKings’ Dominance Extends Beyond Sports $DKNG https://t.co/IqTVLoduuI via @hedgeye @HedgeyeGLL
🎲DraftKings’ Dominance Extends Beyond Sports $DKNG Hedgeye analyst @HedgeyeGLL highlighted a critical, yet under-discussed, aspect of the online gaming sector this morning on The Call @ Hedgeye: the robust growth of iCasino. Contrary to popular belief, it's not just sports… https://t.co/r5JNwsaofj
There will be a day, not today, not tomorrow, not next month, but in 1-2 years that California will legalize online gambling. This will have tremendous impact on names like $DKNG. Heisenberg likes this name in your long term portfolio.
$DKNG MASSIVE back to back white candlesticks. Job well done if you traded this name on weakness last week. https://t.co/xGBqANLikr
⛷️Race Day @Interbourse2024 $MDC cash takeover, +18%. DraftKings up +5% $DKNG $SAVE seeing its sprit down - 6% $HUM Humana facing a double-digit drop. @petenajarian Rebels Edge at 1 p.m. Eastern. #stockstowatch #japan #Takeover #DraftKings #InterBourse #SkiLife #Rebels https://t.co/7DO4Sq542g
Flutter's shares soar on U.S. margins, market share gains https://t.co/M9PZgBAT57 https://t.co/PAyqSxe40a
DRAFTKINGS $DKNG reiterated at 'Buy' with $44 price-target by UBS, citing sustained market share over ESPN Bet $DIS $PENN: "Looking at the states that report OSB GGR by operator, and where ESPN Bet is active, we have seen a slight MoM decline in Dec’23 share for ESPN Bet (12% to…
Almost like $DKNG yesterday knew this Flutter move was coming, had wild rel. strength early with the 8-MA break and curling higher which followed bull engulfing https://t.co/yDu6ynk0U9
Gambling group Flutter Entertainment, which owns FanDuel, jumps as much as 11% — the most in 17 months — after grabbing market share in the year’s most active quarter for sport betting https://t.co/MRfW4KzSSB
Flutter Entertainment has posted a 25% year-on-year increase in group revenue to £9.51bn (€11.08bn/$12.07bn) for its 2023 financial year, driven by a 38% rise in revenue from operations in the US https://t.co/92v0RPmkti https://t.co/ErBNXlJuKB
$DKNG looking solid today. https://t.co/CqdAm41aIU
$DKNG (+3.95%) stock is flexing its muscles today as it climbs higher on a red day Turns out all those sports betting ads are having some impact on the business… https://t.co/P2bEk7v0fI