DraftKings: Time To Sell, Its FY25 Guidance Targets Are An Unachievable Fantasy (Rating Downgrade)
Portfolio Pulse from
DraftKings' stock fell after Q3 results due to lowered full-year revenue and adjusted EBITDA targets, citing unfavorable NFL outcomes. The company's FY25 guidance of $0.9-$1.0 billion in adjusted EBITDA is seen as unrealistic.
November 08, 2024 | 8:30 pm
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DraftKings' stock declined after Q3 results due to reduced revenue and EBITDA targets, with NFL outcomes cited as a reason. The FY25 EBITDA target is considered overly optimistic.
DraftKings' stock price is likely to decline in the short term due to the company's lowered revenue and EBITDA targets, which disappointed investors. The company's justification of unfavorable NFL outcomes and the unrealistic FY25 guidance further contribute to negative sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100