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 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.
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.
Finance and Entertainment Reporter
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