DraftKings (DKNG) Stock is Showing a Massive Growth: Is DKNG Able To Proceed With Its Growth?

The trading session stock of DKNG is holding a mark of $55.31 and the predicted increase is about 0.15%. Bearing in mind the previous trading sessions as the stock grows from $46 to $55.31 the dramatic increase is obvious.
DraftKings (DKNG) Stock is Showing a Massive Growth: Is DKNG Able To Proceed With Its Growth?DraftKings is an online sports platform that allows users to play daily fantasy games and win cash prizes. The growing legalization of digital betting puts the company in a favorable position. The company raised its annual revenue target to $1.05 billion-$1.15 billion, up from its previous forecast of $900 million – $1 billion and above consensus forecasts of $999.7 million.

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Cooperation with large organizations like UFC, National Football League, DISH Network, etc. puts the stock in a safe position. Thus, based on the relevance of sports betting and it’s covering all sports world the stock is expected to grow further.

Richard McEntire

Finance and Entertainment Reporter Richard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.