Tag: DraftKings

DraftKings Picks Week 3: NFL DFS lineup advice for daily fantasy football tournaments

Week 2 was a tough one for fantasy football owners, as injuries ravaged the league and knocked out some of the top-priced contributors in NFL DFS lineups. That said, this week’s slate features much more value because of the injuries, and with another week of games under our belts, it’s becoming easier to see exactly which matchups teams and players will be able to exploit. These quality matchups are something that we’re banking on in our Week 3 DraftKings lineup for GPP tournaments.

There are plenty of teams that are weak against receivers, including the Falcons, Cowboys, Seahawks, and Vikings, so that creates plenty of value at the position. We targeted one of the higher-projected scoring games involving those teams (Cowboys-Seahawks) and plucked some receivers from there. And with so many RBs out, it was easy to avoid spending up too much at the position to target players against two

Read More

It’s Probably Time to Start Taking Profits on DraftKings Stock

DraftKings (NASDAQ:DKNG) has been on fire over the past month, with DraftKings stock rising more than 50% during that stretch thanks to a wave of favorable business developments, the most noteworthy of which is an exclusive Daily Fantasy Sports partnership with ESPN.

DraftKings (DKNG) logo on a phone
DraftKings (DKNG) logo on a phone

Source: Lori Butcher / Shutterstock.com

Before this huge breakout in DraftKings stock, I said that the stock was a screaming buy, because of the company’s long-term upside potential in online sports betting, iGaming and Daily Fantasy Sports.

Visibility to DraftKings realizing that long-term upside potential has increased dramatically over the past month. But so has the DKNG stock price.

InvestorPlace – Stock Market News, Stock Advice & Trading Tips

And so, it is with some sadness that I say it may be time to do some profit-taking on DraftKings stock. The stock is fundamentally and technically overextended here, and due

Read More

DraftKings: ESPN Deal Opens Up A New Era For Online Sports Betting (NASDAQ:DKNG)

DraftKings (NASDAQ:DKNG) is one of the main online sports gambling companies with a lot of growth prospects in the future.

The company went public on April 24th, 2020, using the popular SPAC strategy when it merged with Diamond Eagle Acquisition Corporation at an IPO price of $19.

(Source: BizJournals)

Since then, many developments took place, and DKNG stock is on a tear.

I’m going to discuss the main bullish catalysts and present my current valuation and long-term price target for DraftKings stock.

I’ll also discuss both positive as well as risk factors that could affect the stock price in the short term.

As with most new IPOs, we must use forward-thinking with an unbiased mindset that embraces change.

What’s important for the future of DraftKings is what will happen in the future, not the past.

As Warren Buffett once said:

If past history is all there was to the game,

Read More