DraftKings: A Better Buy After The Correction - Mixed Near-Term Prospects
DKNGDraftKings(DKNG) Seeking Alpha·2024-09-06 00:00
DNY59 DKNG's High-Growth Investment Thesis, Marred By The Management's Painfully Lowered FY2024 Guidance We previously covered DraftKings (NASDAQ:DKNG) in May 2024, discussing how the management had exceeded expectations by reporting an impressive FY2023 and FQ1'24 earnings results, while charting a more than decent stock price return compared to the wider market then. With it still reporting a leading gaming market share in the US while raising its FY2024 guidance, it was apparent that we had been too  ...