David Katz, Managing Director of Jefferies, discusses the partnership between ESPN and Penn Entertainment, which raises questions about the future of DraftKings, FanDuel and other players in the online gaming sector. He believes that the latter are strong, with high retention rates, significant market shares and solid prospects. Finally, he discusses other expected consolidations and mergers in the sector.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
41.9 USD | -3.41% | -9.21% | +18.87% |
May. 15 | UBS Adjusts DraftKings Price Target to $60 From $56, Maintains Buy Rating | MT |
May. 06 | BMO Capital Adjusts DraftKings' Price Target to $54 From $51, Outperform Rating Maintained | MT |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
103 USD | +0.01% | +0.24% | 188B | ||
46.71 USD | -1.06% | -1.18% | 9.9B | ||
41.9 USD | -3.41% | -9.21% | 19.95B | ||
16.04 USD | -2.25% | +0.88% | 2.4B | ||
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+18.87% | 19.95B | |
+16.93% | 36.84B | |
-2.22% | 23.21B | |
-9.03% | 22.56B | |
-12.25% | 21.25B | |
+11.42% | 19.53B | |
+0.76% | 9.99B | |
-25.94% | 7.51B | |
+5.37% | 7.51B | |
+44.90% | 7.02B |
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- INTERVIEW - David Katz, CEO of Jefferies: DraftKings' exaggerated fall offers a buying opportunity