DraftKings: A Pivotal 2025, Real Profits Ahead (Rating Upgrade)
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DraftKings has been upgraded due to its potential profitability by 2025, despite past unprofitable quarters. The stock is down 30%, but unique customer growth and future free cash flow make its valuation more appealing.
March 18, 2025 | 10:30 pm
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DraftKings has been upgraded due to its potential profitability by 2025, despite past unprofitable quarters. The stock is down 30%, but unique customer growth and future free cash flow make its valuation more appealing.
DraftKings' stock has been upgraded due to its potential to achieve profitability by 2025, driven by significant growth in unique customers and expected free cash flow. The stock's current valuation at $38/share is seen as reasonable, given the company's growth prospects. This positive outlook is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100