DraftKings Stock Analysis: Hold, Sell, or Buy?

By Parkev Tatevosian, CFA – May 7, 2024 at 10:00AM

NASDAQ: DKNG

DraftKings

Market Cap

$21B

Today's Change

(-1.69%) -$0.76

Current Price

$44.21

Price as of May 17, 2024, 4:00 p.m. ET

The mobile gaming company is making giant strides toward profitability.

Fool.com contributor Parkev Tatevosian evaluates DraftKings (DKNG -1.69%) stock for long-term investors.

*Stock prices used were the afternoon prices of May 3, 2024. The video was published on May 5, 2024.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.