Why Is DraftKings Stock Gaining Today?
Portfolio Pulse from Nabaparna Bhattacharya
DraftKings Inc. (NASDAQ:DKNG) shares are rising in response to positive guidance from Flutter Entertainment (NYSE:FLUT), which projects significant revenue and EBITDA growth by 2027. Flutter's optimistic outlook is boosting market sentiment in the online sports betting sector, benefiting DraftKings. DKNG stock has gained over 52% in the past year, and investors can access it through ETFs like BETZ and ODDS.
September 25, 2024 | 4:57 pm
News sentiment analysis
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POSITIVE IMPACT
DraftKings shares are rising due to positive market sentiment from Flutter Entertainment's optimistic 2027 guidance. This reflects investor confidence in the online sports betting sector.
DraftKings is directly benefiting from Flutter's positive guidance, which has lifted market sentiment in the online sports betting sector. This is likely to have a positive short-term impact on DKNG's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Flutter Entertainment's shares are up following its positive 2027 guidance, projecting significant revenue and EBITDA growth, and a share buyback program.
Flutter's strong guidance for 2027, including revenue and EBITDA growth and a share buyback program, has positively impacted its stock price, reflecting investor optimism.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
Pacer BlueStar Digital Entertainment ETF (ODDS) provides exposure to DraftKings, which is benefiting from positive market sentiment in the online sports betting sector.
ODDS ETF, which includes DraftKings, is likely to see a positive impact as DKNG shares rise due to Flutter's optimistic guidance, enhancing the ETF's performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 60