- DraftKings is a leading player in online sports betting and iGaming. Its most important rival is the leader FanDuel.
- Despite that, DraftKings has managed to continue growing rapidly. Online sports betting is surely not just a COVID-19 phenomenon.
- DraftKings has also made important acquisitions to boost its competitive moat. Moreover, it is now ready to commence national advertising.
- We issued two timely buy calls on DKNG in July. However, with the stock now more than 20% above those buy points, we encourage some caution for now.
For further details see:
DraftKings: Is This Stock Still A Buy At The Current Price?