Is DraftKings Stock a Buy?

By Parkev Tatevosian, CFA – Aug 30, 2022 at 9:15AM

NASDAQ: DKNG

DraftKings

Market Cap

$20B

Today's Change

(4.96%) $2.04

Current Price

$43.13

Price as of April 26, 2024, 4:00 p.m. ET

The stock is relatively cheap, but that isn't necessarily enough to make it worth purchasing.

Interested in placing a long-term bet on DraftKings (DKNG 4.96%) stock? In this video, I evaluate if the stock is a buy using my simplified six-step framework.

Stock prices used were the afternoon prices of Aug. 29, 2022. The video was published on Aug. 29, 2022.

Parkev Tatevosian 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.

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