2 Stocks That Could Create Lasting Generational Wealth
Finding emerging consumer brands while they're small is a simple, effective way to build lasting wealth in the stock market. Let's look at fast-growing companies that are on the verge of turning healthy profits and could deliver massive gains for shareholders over the next decade and beyond.
One way to find long-term winners is to identify companies that are benefiting from technological advancements. The online sports betting market is expected to reach $65 billion over the next five years, and ' (NASDAQ: DKNG) first-mover advantage in launching on mobile devices years ago has made it the runaway leader in this market.
DraftKings commands over 30% share of the market in North America, and it continues to win more customers. It reported revenue of $1.2 billion in the fourth quarter, rising 44% over the year-ago period.
Source Fool.com
DraftKings Inc. Stock
With 84 Buy predictions and 1 Sell predictions DraftKings Inc. is one of the favorites of our community.
With a target price of 42 € there is potential for a 110.0% increase which would mean more than doubling the current price of 20.0 € for DraftKings Inc..
