DraftKings Prioritizes Responsible Play - Launches New Tool Enabling Users To Track Personal Gaming Stats
Portfolio Pulse from Nabaparna Bhattacharya
DraftKings Inc. (NASDAQ:DKNG) launched 'My Stat Sheet', a tool for users to track their gaming statistics, promoting responsible play. The company's shares have surged over 133% in the last year, outperforming the S&P 500. UBS analyst Robin Farley maintained a Buy rating on DraftKings, raising the price target from $44 to $56. DraftKings also raised its 2024 revenue guidance to $4.65 billion to $4.90 billion, indicating a 27% to 34% year-over-year growth.
March 14, 2024 | 1:36 pm
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DraftKings launched 'My Stat Sheet' to help users track their gaming stats, promoting responsible gaming. Shares have significantly risen, and revenue guidance for 2024 has been raised.
The launch of 'My Stat Sheet' by DraftKings, aimed at promoting responsible gaming, coupled with a significant past performance and an optimistic revenue guidance for 2024, suggests a positive outlook for the company. The endorsement by UBS analyst Robin Farley, with an increased price target, further supports the potential for stock price appreciation in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100