VST - Jim Cramer Recommends Buying This Sports Betting Company's Stock: 'I Think It's Terrific' | Benzinga
On CNBC's “Mad Money Lightning Round,” Jim Cramer recommends buying sports betting company DraftKings Inc. (NASDAQ:DKNG), proclaiming, “I think it's terrific.”
On May 2, DraftKings reported first-quarter revenue of $1.18 billion, up 53% year-over-year. The revenue total beat a Street consensus estimate of $1.12 billion, according to data from Benzinga Pro.
The global online sports betting market size had a value of roughly $54.6 billion in 2023. It’s projected to exceed $142 billion by 2032, per Zion Market Research.
Cramer also called Accenture plc (NYSE:ACN) “too low.”
On May 15, Deutsche Bank analyst Bryan Keane downgraded Accenture from Buy to Hold and lowered the price target from ...