Why DraftKings Could Rocket Higher in 2024
(NASDAQ: DKNG) is a sports betting company whose stock price over the past few years has mirrored many high-profile growth stocks. From March 2020 to March 2021, its stock price jumped from $12 to $71; by March 2022, it had dropped to $16.
Last year was a much-needed bounceback, though. DraftKing's stock had a huge surge in 2023. It's still down more than 50% from its March 2021 peak, but last year was a step in the right direction.
Despite its impressive 2023, I believe DraftKing's stock could continue its momentum in 2024. Here are three reasons why.
Source Fool.com
DraftKings Inc. Stock
€20.80
4.660%
The stock is one of the favorites of our community with 87 Buy predictions and 1 Sell predictions.
As a result the target price of 35 € shows a very positive potential of 68.27% compared to the current price of 20.8 € for DraftKings Inc..
